You expect Vanua Ltd to pay the following annual dividends for the next 3 years.

Year 1 - Dividend 0.60, Year 2 - Dividend 0.80 and Year 3 - Dividend 0.90.

Dividends will be paid in two equal parts semi-annually. You also expect to be able to sell the share for $9.75 right after you receive the final year 3 dividend. If your required return is 8% annually, how much would you be willing to pay for the share?