Agarwal Technologies was founded 10 years ago. It has been profitable for the last 5 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay a $0.25 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8.00 % thereafter Management's forecast of the future dividend stream, along with the forecasted growth rates, is shown below. Assuming a required return of 11.00% , what is your estimate of the stock's current value? Year Growth rate Dividends 0 1 2 4 5 6 NA $0.000 NA NA NA 30.00% 15.00% $0.374 8.00% $0.404 $0.000 $0.250 $0.000 $0.325 a. $9.29 b. $10.75 C. $8.60 d. $9.21 e. $10.50 10.5 %, and the expected A stock is expected to pay a dividend of $0.75 at the end of the year. The required rate of return is rs constant growth rate is g = 8.2%. What is the stock's current price? a. $32.61 b. $29.02 C. $38.80 d. $27.39 e. $27.07