Bears Outdoor Wilderness Outfitters currently pays a $4.50 common stock dividend. Jennifer is considering an investment in Bears Outdoor Wilderness Outfitters and plans to hold the stock for four years at which time she expects to sell the stock for $70.00. She expects the dividend to increase to $5 one year from now and then grow at an 8% rate for the next five years what is the current value of Bears Outdoor Wilderness Outfitters common stock to Jennifer if she requires a 15% return rate of return? Fill out the following information.

Dividend: Return on Investment:

Year	Annual Growth Rate	Dividend	Selling Price	Current Value	Sum of Dividends
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