Show all Work 13. The Animal Wash pays a constant annual dividend of $1.30 per share (growth rate (g)=0). How much are you willing to pay for one share if you require a 12 percent rate of return? 14. Bug Buster just paid its annual dividend of $1.25 a share. The firm recently announced that all future dividends will be increased by 3 percent annually. What is one share of this stock worth to you if you require an 11 percent rate of return?