13. Precision Engineering recently announced that its next annual dividend will be $1.20 per share with later dividends increasing by 2.5 percent annually. What is the current value of this stock to you if you require a 12 percent rate of return? (1.5 points) boo A) $12.63 B) $12.95 C) $13.05 D) $13.37 E) $13.72 enon that states that one