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Assume the firm's dividend payment this year is $3.75, and that the required rate of return for the firm's industry is 11.2%. If the firm's

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Assume the firm's dividend payment this year is $3.75, and that the required rate of return for the firm's industry is 11.2%. If the firm's dividend will grow 5.3% each year beginning next year, what is the market value of the firm's shares under the Dividend Discount Model? Assume this year's dividends have been paid already. O $76.02 O $66.93 O $61.34 O $78.01

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