Question 7 Not yet answered Powns has just paid a dividend of $1.75. These dividends are expected to grow at a rate of 5% in the foreseeable future. The risk of this company suggests that future cash flows should be discounted at a rate of 13%. Which of the following amounts is closest to what should be paid for Powns common stock? Points out of 1.00 P Flag question a. $24 b. $18 c. $22 d. $20