Suppose that a firm has paid annual dividends of $1.00, $1.05, $1.12, and $1.20 a share over the past four years, respectively. Now, you expect that the dividend will increase at a constant growth rate equal to the historical average (using dividends of the last four years). If the Required Return of 15 percent, what is the current value per share? Year Dividend Annual Growth 2016 $ 1.00 2017 2018 $ 1.05 $ 1.12 $ 1.20 Average Growth 2019 Rate of Return Next Dividend (D1) 15.00% Assumes that last Dividend (2019) is DO Price per Share now