As companies evolve, certain factors can drive sudden growth. This may lead to a period of nonconstant, or variable, growth. This would cause the or nonconstant, growth model for the valuation of the company's stock. Consider the case of Portman Industries: to grow by 12.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 2.40% per year. Assuming that the market is in equilibrium, use the information just given to complete the table. The risk-free rate ( rRF) 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 today? 3.65% 4.77% 4.56% 4.46%