WeMo announced today that it will begin paying annual dividends next year. The first dividend will be $0.20 a share. The following dividends will be $0.50, $0.20, $0.50, and $0.80 a share annually for the next 4 years, respectively. After that, dividends are projected to increase by 3 percent per year. How much are you willing to pay to buy one share of this stock today if your desired rate of return is 9 percent?

		$10.56
		$11.36
		$9.82
		$10.30
		$9.58