Composite Software c.c. is anticipated to experience temporary supernormal growth of 40% per year for the next two years. After this supernormal growth period has passed, the growth rate of Composite Software is anticipated to experience a two-year transition phase of 25% per year growth. Following this transition phase, the growth rate of Composite Software is expected to stabilize at 15% annually. The company currently pays a dividend of R0.10 per share, and the required rate of return is 18% per year. What is the value of Composite Softwares ordinary share? 1. R6.62 2. R23.83 3. R14.15 4. R6.03