Question 19 (4 points) Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $3.20. You believe that dividends will grow at a rate of 19% per year for two years, and then at a rate of 5% per year thereafter. You expect the stock will sell for $14.87 in two years. You expect an annual rate of return of 21% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now? $19.45 $23.03 $16.40 $26.55 $28.75