You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $5.70 and that dividends will grow at a rate of 5.0% per year thereafter. If you would want an annual return of 21.0% to invest in this stock, what is the most you should pay for the stock now? $28.50 $37.41 $27.14 $35.63 $38.92 Question 9 10 pts Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $7.20. You believe that dividends will grow at a rate of 18% per year for three years, and then at a rate of 7% per year thereafter. You expect the stock will sell for $48.68 in three years. You expect an annual rate of retum of 20% on this investment. If you plan to hold the stock indefinitely what is the most you would pay for the stock now? O I W aa