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Slow 'n Steady Enterprises currently pays an annual dividend of $1.60 /share. Investors expect that...

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Slow 'n Steady Enterprises currently pays an annual dividend of $1.60 /share. Investors expect that these dividend payments will continue indefinitely. If the next dividend payment is due one year from today and Slow 'n Steady's equity cost of capital is 8%, what is the value of one share of Slow 'n Steady stock? (Choose the most appropriate answer) O A. $20.00 OB. $24.00 C. $22.00 OD. $16.00

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