(Estimated time allowance: 9 minutes) TresEnDos Corp. paid an annual dividend last year of $20 per share. The company follows a policy to raise dividends each year by 4%. The required rate of return for this investment is 10%. The company will be in business for 5 years and not have a liquidating dividend (** this means there is no future selling price for the stock). What is the price of this stock today? For your answer, round to 2 decimals and do not use the $. Do not use commas to separate thousands. For example, if your result is $103.679 then enter 103.68; if your result is $10 then enter 10.00; if your result is $8.4 then enter 8.40 Answer: 122.80 x (84.78)