Consider a firm that has just paid a dividend of $2. An analyst expects dividends to grow at a rate of 8% per year for the next five years. After that dividends are expected to grow at a normal rate of 58 per year. Assume that the appropriate discount rate is 796. The present value today of dividends for years 1 to 5 is a. $6.11 Kb. 240 o c $4.06 ma se Ke $10.28