The Jackson-Timberlake Wardrobe Co just paid a dividend of $1.24 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely Required: (a) If investors require a 12 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? Click to selrct) (Click to select) (b) se be in 4 years? $22.34 5 $20.67 $21.91 S6.89 $21.47 The Jackson-Timberlake Wardrobe Co. Just paid a dividend of $1.24 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely Required: (a) If investors require a 12 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? (Click to select) (b)What will the price be in 4 years? (Click to select) (Click to select) $8.70 $28.21 $26.09 $27.10 $27.66