Alpha Industries Is Going to Pay Annual Dividends of

Alpha Industries is going to pay annual dividends of $.35,$.50,and $.80 a share over the next three years,respectively.After that,the dividend will be $1.25 per share indefinitely.What is this stock worth today at a discount rate of 13.45 percent?

A) $6.20
B) $9.48
C) $10.88
D) $7.61
E) $5.06