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The most recent annual (2019) dividend payment of XYZ company, was $1.60 per share. The firm expects that these dividends will increase at a 8%

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The most recent annual (2019) dividend payment of XYZ company, was $1.60 per share. The firm expects that these dividends will increase at a 8% annual rate over the next four years. At the end of four years (the end of 2023), the firm expects to result in a slowing of the dividend growth rate to 6% per year for the foreseeable future. Find the firm's stock value if the required return is 13%. Select one: O a. $26.08 O b. $25.18 O c. $24.10 O d. $25.94 e. $28.40

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