You buy a stock from which you expect to receive an annual dividend of $3.00 for each of the seven years that you plan on holding it. After 7 years, you expect to be able to sell the stock for $75. What is the most that you should be willing to pay today for a share of this company if you want to earn a return of at least 8%?

A)$68.06 B)$79.37 C)$59.38 D)$88.89