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You are interested in investing in a company that expects to grow steadily at an annual rate of 5.8 percent for the foreseeable future. The

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You are interested in investing in a company that expects to grow steadily at an annual rate of 5.8 percent for the foreseeable future. The form paid a dividend of $2.30 last year. If your required rate of retuige is 10 percent, what is the most you would be willing to pay for this stock? (Do not round intermediate calculation. Round final answer to the nearest dollar) $46 O $50 $31 $24

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