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Nico Custom cycles' common stock currently pays no dividends. The company plans to begin paying dividends beginning 3 years from today. The first dividend will

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Nico Custom cycles' common stock currently pays no dividends. The company plans to begin paying dividends beginning 3 years from today. The first dividend will be $3.00 and dividends will grow at 5 percent per year thereatten Given a required return of 15 percent, what would you pay for the stock todity? A. $25.33 8. $18.73 C. 529.86 D. $20.72

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