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Total Works Co. Inc. is a technology company that is experiencing rapid growth. The company just paid its first dividend of $1.25 per share in

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Total Works Co. Inc. is a technology company that is experiencing rapid growth. The company just paid its first dividend of $1.25 per share in the current year just ended. Given its rapid growth it expects to have the following annual dividend increases: In each of the next two years 30% annual increase Thereafter a constant annual increase rate of 6.0% Investors believe the company to be risky and require a rate of return of 13% on its stock. What is the company's current share price? $18.34 $28.14 $20.74 $32.89

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