ABC Company plans to pay its first dividend of $0.52 1 year from today (=Year 1), then to increase it at a relatively rapid rate of 50% in Year 2, and then to increase it at a constant rate of 9% thereafter. The company requires 15% for stockholders' annual returns. N 2 Year 0 1 3 Growth rate N/A N/A 50% 9% What is your estimate of the stock's current value? (Hint: Make sure to measure and include the PV of P2 using the CDG model.) O $10.55 $13.22 O $11.76 O $14.71 $12.48