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will rate asap if correct Assume Silvio's Steakhouse paid the dividend of $3.95 this year. For the next 25 years, the firm's dividend will grow

will rate asap if correct
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Assume Silvio's Steakhouse paid the dividend of $3.95 this year. For the next 25 years, the firm's dividend will grow by 5.5%, then it will grow by 4.5% each year afterwards. The required rate of return for the firm's industry is 11.0%. What is the present value of the firm's stock under the Dividend Discount Model? Assume that this year's dividend has been paid already. $54.50 $72.33 $17.83 $242.17

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