ack to Assiginment Atlempts Average 12 B. Nonconstant growth stock A. companis evolye, certain factors can drive sudden growth. This may lead to a period of nenconstant, or variable, growth. This would cause the expected growth rate to incresse or decrease, thereby affecting the valuation model, for comparies in such situations, vou would refer to the varlable, or nonconstant, gronth model for the valuation co the companris stock. conslder the cast of Portman Industries: Astuming that the market is in equillibrlam, lise the information fast diven to complate the tatili. Portman Industries just paid a dividend of $1.44 per share, The company expects the coming year to be very profitable, and lits dividend is expected to grow by 10,00% over the next year. After the next vear, thouph, Portman's dividend is expected to prow at a constant rate of 3,20% per year. Assiming that the market is in equilibrium, use the information fust given to complete the table. 7060 h.546