The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 18 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 $3.20 per share. What is the current value of one share of this stock if the required rate of return is 8.70 percent? Multiple Choice $174.46 $243.57 $190.24 $193.44 $246.77