6. You are considering whether to invest in a high-technology company. The company plans to pay its first annual dividend, next year of $3.20. According to financial analysts, this dividend is expected to grow by 10% in year 2 and 20% in year 3. After year 3, the annual dividend is expected to grow by 5% per year indefinitely. If your required return on investment is 15%, what is the maximum price that youd pay for the stock? Calculate the annual dividends to the nearest penny ($0.01) per share. Calculate present value to the nearest 1/100 of a dollar with no commas and dollar sign, e.g. 12.36).