QUESTION 25 MBI Inc. has experienced supernormal growth of 20 percent that should continue for the next 2 years. Growth will then be 10 percent from then on. The last dividend paid was $0.75 per share and your required return is assumed to be 15 percent. According to the dividend model how much would you be willing to pay for the company? $3.20 $12.03 $25.24 $19.57