5.You have decided to purchase common stock of Hurricane Manufacturing and hold it for 7years. The directors of the company just announced that they expect to pay an annual cash dividend of $3.00 per share for at least the next 8 years. In your research on target prices for this stock, several analysts say that Hurricane common shares should be worth around $60 at the end of seven years. In order to earn 12% return on this investment, how much would you be willing to pay for this stock? Must show work.