Portman Industries just paid a dividend of $1.44 per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by 16.00% over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of 3.20% per year. Assuming that the market is in equilibrium, use the information just given to complete the table. Term Value Dividends one year from now (D1) $1.67 Horizon value (Pi) $23.72 $28.40 Intrinsic value of Portman's stock The risk-free rate (rRF ) is 4.00%, the market risk premium (RPm ) is 4.80%, and Portman's beta is 1.30. What is the expected dividend yield for Portman's stock today? 7.54% 5.65% 7.06% 6.84%