OMG Corporation just paid a $3.40 annual dividend on each share. It is planning on increasing its dividend by 20 percent a year for the next 4 years. The corporation will then decrease the growth rate to a rate of 3 percent per year, and keep it that way indefinitely. The required rate of return is 8.90 percent. Calculate the current value of one share of this corporation's stock. Multiple Choice $8751 $123.08 $104.95 $108.35