You own 320 shares of Abco, Inc. stock. The company has stated that it plans on issuing a dividend of $.45 a share at the end of this year and then issuing a final liquidating dividend of $2.20 a share at the end of next year. Your required rate of return on this security is 7 percent. Ignoring taxes, what is the value of one share of this stock today?

$2.74

$2.56

$2.30

$2.34

$2.79