Winter Time Adventures is going to pay an annual dividend of $2.72 a share on its common stock next week. This year, the company paid a dividend of $2.60 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth 12 years from now if the applicable discount rate is 9.0 percent?

	$139.82
	$98.56
	$106.61
	$101.90
	$115.30