The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.26 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely a. If investors require a return of 13 percent on the company's stock, what is the current price? b. What will the price be in 5 years? a. If investors require a return of 13 percent on the company's stock, what is the current price? $22.47 $22.92 $22.02 $21.00 $6.30 b. What will the price be in 5 years? $31.52 $32.15 $30.89 $29.45 $8.84