Ziggs Corporation will pay a $3.90 per share dividend next year. The company pledges to increase its dividend by 5.00 percent per year, indefinitely.

Required:

If you require a 10.75 percent return on your investment, how much will you pay for the companys stock today? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.)

	$74.61
	$23.52
	$67.83
	$64.43
	$24.76