The Division Bell Company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 11 percent a year for the next 3 years and then decreasing the growth rate to 4 percent per year forever. The company just paid its annual dividend in the amount of $3.00 per share. What is the current value of one share of this stock if the required rate of return is 9.00 percent? Multiple Choice $7950 57523 $69.07