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The Lawrence Sisters Moving Company paid a quarterly dividend of $ 1 . 2 7 per share last quarter. Today, the company announced that future

The Lawrence Sisters Moving Company paid a quarterly dividend of $1.27 per share last quarter. Today, the company announced that future dividends will be increasing by 2.41% percent quarterly. If you require a 12.2% percent annual rate of return, how much are you willing to pay to purchase one share of this stock today? (Round intermediate steps to 4 digits.)
a. $196.26
b. $203.22
c. $212.82
d. $209.89
e. $197.26
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