A tech start-up company grows very rapidly, causing it to initially reinvest all earnings in new growth. Assume that four years from today, this company pays a dividend of $3.00 per share, which is expected to grow at 5% per year for ever. If investors require a 17% return to hold the common stock, what price per share would you expect to pay? Multiple Choice $12.41 $22.35 $24.25 $15.61