4 pts East River Entertainment plans to pay annual dividends for five more years. The last dividend paid was $1.40 a share. Dividends are increased by 2 percent each year. What is the current value of this stock at a discount rate of 9 percent? O $5.76 $6.09 $6.24 O $6.70 $7.44 Question 14 4 pts Hand-Krafted Furniture plans to pay 3 more annual dividends and then discontinue all dividends thereafter. The last dividend paid was $.80 a share and dividends increase by 2 percent annually. The discount rate is 9 percent. What is the current value of this stock? $1.91 $1.99 $2.04 $2.10