As companies evolve, certain factors can drive sudden growth, This may lead to a period of nonconstant, or variable, orowth. This would catise the or nonconstant, growh model for the valuation of the company's stock. Consider the case of Portman Industries: Portman Industries Just paid a dividend of $3.12 per share, The company expects the coming year to be very profitable, and its dividend is ixpected to orow by 12.00% over the next year. After the next yea, though, Portman's dividend is expected to grow at a canstant rate of 2.40% per vear: Assuming that the market is in equitibrium, use thie information fust given to comptete the table: The risk-free rate (ruy) is 3.00%, the market risk premium (RPM) is 3.60%, and Portman s beta is 1.10 . What is the expected dividend yield for Portman's stock todar? 4.5646 3.656