Bonita's Organic Foods' current dividend is $4.80. You expect the growth rate to be 8 percent for years 1 to 5, and 2 percent from years 6 to infinity. The required rate of return on this firms equity is 10.0 percent.

) (c) X Your answer is incorrect. The expected price of the stock at the end of year 5 (immediately after the year 5 dividend). (Round intermediate calculations to 4 decimal places, e.g. 45.1712 and final answer to 2 decimal places, e.g. 45.17.) Price $ 70.5