Duran Logistics announced its next annual dividend will be $$\mathrm{.}40$ per share. The following dividends will be $$\mathrm{.}60,$ and $$\mathrm{.}75$ per share annually for the following two years, respectively. After that, dividends are projected to increase by $3\mathrm{.}5$ percent per year. How much is one share of this stock worth at a rate of return of $12$ percent?

Multiple Choice

$$8\mathrm{.}45$

$$6\mathrm{.}84$

$$7\mathrm{.}87$

$$8\mathrm{.}06$

$$7\mathrm{.}03$