6

A firm recently paid a \\( \\$ .67 \\) dividend per share. The expected growh rate for the next 5 years is \8 annually. The growth rate from year 5 into perpetuity is \3 annually. The required rate of return is \11.50. What is the stock's value? Multiple Choice 59.97 \\( \\$ 716 \\) 513.40 \\( \\$ 6.92 \\)