D Question 7 1 pts PIN Ltd is a firm that has been underperforming for many years and has just had a change in management. The new management team have just made an announcement that they expect to start paying an annual dividend 4 years from today, and they expect that after the initial dividend of $4 it will grow at a constant rate of 6% per annum. The required rate of return for PIN Ltd shares is 14% per annum. Which of the following is closest to the value of PIN Ltd shares? $21.36 $18.41 $29.60 $33.75