A firm that just paid a dividend of $2.60. It plans to increase dividends by 5% in year one, 10% in year two, 20% in year three, 20% in year four, and then 3% per year thereafter. You feel that a 16% required return is appropriate. What is this stock worth to you? Question 35Answer a. $4.23 b. $34.23 c. $28.18 d. $38.55