The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $2.90 per share, What is the current value of one share of this stock if the required rate of return is 8.40 percent? Multiple Choice $175.72 $224.02 $162.24 $226.92 $17862