industry- combined communications is a new firm in a rapidly growing the company is planning on increasing its ennuil dividend by 21% a year for the next 4 years and then decreasing the growth rate to 5% per year. The company Just Paid its annual dividend in the amount of $1.10 per Share. What is the current value of this stock if the required Take of return is 9.75% industry- combined communications is a new firm in a rapidly growing the company is planning on increasing its ennuil dividend by 21% a year for the next 4 years and then decreasing the growth rate to 5% per year. The company Just Paid its annual dividend in the amount of $1.10 per Share. What is the current value of this stock if the required Take of return is 9.75%