The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.56 per share on its stock. The dividends are expected to grow at a constant rate of 7 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? $33.38 (b)What will the price be in 17 years? $105.45 Required: (a) If investors require a 12 percent return on The Jackson-Timberlake Wardrobe Co. stock, what is the current price? $33.38 (Click to select) te be in 17 years? $34.05 $33.38 $31.20 $8.21 $32.72 (b)What will the price be in 17 years? $105.45 (Click to select) $98.56 $25.94 $105.45 $107.56 $103.34