ABC Inc. is expanding rapidly. As a result, the company expects to pay annual dividends of $.62, .80, .90 and $1.05 per share over the next four years, respectively. After that, the dividend is projected to increase by 4 percent annually. What is the current value of this stock if the required return is 16 percent?

		$10.46
		$6.58
		$7.49
		$7.63
		$7.31