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Water Corp. just paid $1.25 dividends and is assumed to grow at 6% per year. The required return of the company is 14%. The present

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Water Corp. just paid $1.25 dividends and is assumed to grow at 6% per year. The required return of the company is 14%. The present value of the first 60 dividend payments is $16.35 What is the present value of all the dividend payments from year 61 to infinity assuming the required return and the growth rate stay constant? .25 O.23 O None of the answers is correct O.17 0.21

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