P8-18 Supernormal Growth [LO1] Synovec Company is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next 3 years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 12 percent and the company just paid a $2.30 dividend. what is the current share price? Multiple Choice $54.20 $56.41 $50.29 $52.19 $55.31