The dividend on a company's stock will be $4.00 in one year, $5.00 in two years and $6.00 in three years. In three years, you can sell the stock for $50.00.If you require a 10.50% rate of return on your investment, how much are you willing to pay for a share of this stock?

Question 16 options:

$27.00

$27.75

$28.50

$29.25

$30.00