You're considering purchasing a share of Emporium Pies, Inc. common stock. You expect to sell it at the end of 1 year for $31.50. You will also receive a dividend of $2.25 at the end of the year (right before you sell the stock). If your required return on this stock is 12%, what is the most you would be willing to pay for the share of Emporium Pies stock now?

		a. $20.83
		b. $33.75
		c. $30.13
		d. $28.57