The growth in dividends of ABC, Inc. is expected to be 15% per year for the next three years, followed by a growth rate of 8% per year for two years; after these five years, the growth in dividends is expected to be 3% per year, indefinitely. The required rate of return on ABC, Inc. is 13%. Last year's dividends per share were R1.85. What should the stock sell for today? 1. R 8.99 2. R25.21 3. R40.00 4. R27.74