Grow On, Inc. is a form that is experiencing rapid growth. The firm yesterday paid a dividend of $7.20. You believe that dividends will grow at a rate of 18% per year for three years, and then at a rate of 7% per year thereafter. You expect the stock will sell for $48.68 in three years. You expect an annual rate of return of 20% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now? $49.06 $67.84 $77.24 $57.29 $83.61 Question 10 10 pts Timeless Corporation plans a new issue of preferred stock. Similar risk stock currently offers an annual return to investors of 19.0%. The company wants the stock to sell for $405.00 per share. What annual dividend must the company offer? $76.95