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s Corp... is a fast-growing technology company. The firm projects a rapid growth of 40 percent for the next two years and then a growth

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s Corp... is a fast-growing technology company. The firm projects a rapid growth of 40 percent for the next two years and then a growth rate of 20 percent for the following two years. After that, the firm expects a constant-growth rate of 8 percent . The firm expects to pay its first dividend of S1.25 a year from now. If your required rate of retum for such stocks is 20%, what is the current price of the stock? (Do not round intermediate calculations. Round final answer to two decimal places.) A) $15.63 B) $4.70 C) D) S300 $22.6%

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