Question 11 (1 point) Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Microtech to begin paying dividends, beginning with a dividend of $3.50 coming 3 years from today. The dividend should grow rapidly-at a rate of 35% per year-during Years 4 and 5; but after Year 5, growth should be a constant 7.4% per year. If the required return on Microtech is 11.50%, what is the value of the stock today? $167.09 $132.71 $173.88 $106.24