NUK Company is a relatively new firm that is still in a period of rapid development. The company plans on retaining all of its earnings for the next five years. Six years from now, the company projects paying an annual dividend of $2.5 a share and then increasing that amount by 5% annually thereafter. To value this stock as of today, you would most likely determine the value of the stock years from today before determining today value. a. 7 b. 6 C. 4 d. 5