MC.09.081 Save Submit Assignment for Grading 1 Question 39 of 40 Nachman Industries just paid a dividend of Do = $3.75. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value? Do not round intermediate calculations. O a. $127.47 b. $103.77 c. $131.22 d. $121.82 e. $117.68 Q Search Lji 5 DOLL