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You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $6.40 and

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You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $6.40 and that dividends will grow at a rate of 9.0% per year thereafter. If you would want an annual return of 12.0% to invest in this stock, what is the most you should pay for the stock now? O $58.13 O $232.53 $53.33 O $213.33 $233.08

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