Question 8 12.5pts The next dividend payment by Kophf, Inc., will be \$2 per share. The dividends are anticipated to maintain a growth rate of 8 percent forever. If the stock currently sells for $40 per share, what is the required return? \begin{tabular}{l} 11.78% \\ 10.96% \\ 13.40% \\ \hline 55.63% \end{tabular}