Remaining time: 45 minutes, 38 seconds Question Completion Status: This is a problem that has FIVE questions. Therefore, please choose FIVE answers (one choice for each question). Following table is the data of past dividend payments. dividend (in millions) 2012$1.00 2013$1.50 2014$2.00 2015$2.35 2016$3.15 2017$4.00 2018$4,65 201955.25 2020$5.96 Using the past dividend data, you will forecast the future growth rate. The most recent dividend paid by New Technologies was an annual dividend of $5.96 million in total and there are 20 million shares outstanding. Assume T-bill rate is 3%, S&P500 market return is 7%, beta of New Technologies is 0.88. #1. What is the appropriate discount rate (required rate of return)