8-28 (LG8-5) Value of Future Cash Flows A firm recently paid a $0.60 annual dividend. The dividend is expected to increase by 12 percent in each of the next four years. In the fourth year, the stock price is expected to be $110. If the required return for this stock is 14.5 percent, what is its value? (LG8-5) .1. 127 di POL URINA to continue. What is the value or uno the required return is 13.7 percent? (LG8-5) 8-30 Constant Growth Stock Valuation Campbell Soup Co. (CPB) paid a $0.632 dividend per share in 2003, which grew to $0.76 in 2006. This growth is expected to continue. What is the value of this stock at the beginning of 2007 when the required return is 8.7 percent? (LG8-5) n1 Changes in Growth and Stock Valuation Consider a firm that had troquired retus