A stock's projected dividend one year from now is $5.37 Dividends are projected to grow at 2.10% foverver. The required rate of return is 5.0% Your friend told you how to value any projected cash stream, (he said to discount them according to when they occur). But, he didn't mention how many cash flows needed to be discounted. So, you begin your discounting, and do so for lots of years. What is the first year in which the PV of a projected dividend is less than a penny? A Between 50 and 200 B Between 200 and 240 C Between 240 and 280 D Between 280 and 500