Rosemary is considering an investment in the ordinary shares of Global Ag Services, a farming company that is projected to commence dividend payments at the end of the upcoming year. The expected dividends for the next three years are as follows: Year 1 2 3 Dividend R3,00 R4,25 R6,00 She anticipates selling the share for R100 at the end of the three-year period. To determine the current worth of the share, assuming a required return of 12%, what is the present value of the expected future cash flows? 1. R46,79 2. R64,34 3. R77,24 4. R81,52 Clear my choice.