Game Soft is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 7 percent per year. The company just paid its annual dividend in the amount of $0.50 per share. What is the current value of one share of this stock if the required rate of return is 20 percent? $5.27 $5.04 A $5.39 $4.69 $4.90