Java Coffee is preparing to pay its first dividend. It is going to pay $1, $1.5, and $1.75 a share over the next three years, respectively. After that, the company has stated that the annual dividend...

Please answer the following multiple choice

Extracted text: Java Coffee is preparing to pay its first dividend. It is going to pay $1, $1.5, and $1.75 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be $2.25 per share indefinitely. What is this stock worth to you per share if you demand a 9 percent rate of return on stocks of this type? O $25.00 O $34.53 O $37.50 O $22.84 O $39.75