K Question 5 (of 10) value 5.10.00 points Problem 8-19 Supernormal Growth [LO1 Momsen Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 18 percent over the following year, and then 5 percent per year indefinitely The required return on this stock is 10 percent, and the stock currently sells for $98 per share. What is the projected dividend for the coming year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Projected dividend References eBook & Resources Worksheet Difficulty: Intermediate Section 81 Common Stock Va Problem 8-19 Supernormal Growth LO11 Learning Objective 08-01 How stock prices depend on future dividends and dividend growth