A firm is expected to pay a dividend of $1.35 next year and $1.50 the following year. Financial analysts believe the stock will be at their price target of $40 in two years. Compute the value of this stock with a required return of 11.3 percent. Annual dividends of General Electric (GE) grew from $0.80 in 2001 to $1.17 in 2006. What was the annual growth rate