You are thinking about purchasing common shares of a company. The company recently paid a cash dividend of $1.22 per common share. Based on past dividends, the company increases its annual dividend, on average, by 2.4% per year. If you demand a return of 15.0% of stocks of this type, what is the maximum price you'd pay for the stock? Select one: a. 59.72 b. 59.91 C 59.89 d. $9.82 e. 9.86