the Michael's, Inc. just paid $2.00 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.40 percent. If you require a rate of return of 8.6 percent, how much are you willing to pay today to purchase one share of Michael's stock? be creaing by i4o O $49.71 O $24.28 O $16.06 $24.86 O $51.71