Patel \& Valdez is planning on increasing its annual dividend by 20 percent next year and then decreasing the growth rate to a constant 5 percent per year. The company just paid its annual dividend in the amount of $1 per share. What is the current value of a share if the required rate of return is 14 percent? Multiple Choice 513.28 $13.42 513.33 S13.19 \$1324