18. What is the implied value of a stock that just paid a dividend of $1.85 per share and is expected to grow dividends at a constant annual growth rate of 6% is the required rate of return is 9% ? A) $61.67 B) $30.83 C) $32.17 D) $65.37 19. In planning for retirement in 35 years, you've determined that you'll need $2.5 million in total assets to provide $100,000 per year of income. How much will you have to save each month if you assume that you'll be able to earn a 6% average annual rate of return over that period of time. A) About $70. B) About $897. C) About $1,754. D) About \$2,915