Hi-Tek is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share dividend in Year 7 and increase that dividend by 2.2 percent per year thereafter. What is the current share price if the required return is 16 percent? Multiple Choice $5.95 $6 62 $8.59 $14 29 144 3 4 5 6 8