Winter Time Adventures is going to annual dividend if $2.61 a share on its common stock next week. This year, the company paid a dividend of $2.50 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 11 years from now if thr applicable discount rate is 9.0 percent?

a) $84.24

b) $115.65

c) $91.11

d) $87.27

e) $98.55