> A Moving to another question will save this response. >> Question 7 2 points Save Answer Could I Industries just paid a dividend of $1.49 per share. The dividends are expected to grow at a rate of 24.3 percent for the next five years and then level off to a growth rate of 6 percent indefinitely. If the required return is 12 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)