MC algo 7-5 Constant Dividend Growth Model Michael's, Inc., just paid $2.25 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.9 percent. If you require a rate of return of 9.1 percent, how much are you willing to pay today to purchase one share of the company's stock? Multiple Choice $25.94 0 $16.86 o 0 $56.20 $56.20 o O $28.10 $28.10 o $58.45