62. Nu-Tech is expecting a period of intense growth and has decided to reduce its annual dividend by 10 percent a year for the next two years. After that, it will maintain a constant dividend of $.70 a share. Last year, the company paid $1.80 per share. What is the value of this stock if the required rate of return is 13 percent? A. $6.99 g $6.79 c. $8.22 D. $8.87 E. $7.62