the bell weather company 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 it's 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?

$224.02 $226.92 $162.24 $178.62 $175.72