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AC Electric Just pald its annual dividend of $2.42 The firm plans to Increase Its dividend by 2.5 percent for the next 3 years and

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AC Electric Just pald its annual dividend of $2.42 The firm plans to Increase Its dividend by 2.5 percent for the next 3 years and then maintain a constant 2 percent rate of dividend growth. The requlred return Is 12.5 percent. What is the current value per share of thls stock? Multiple Cholce $3295 $23.09 $22.22 $28.47 $23.82

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