Question: Alarcon Techware is growing quickly. Dividends are expected to increase by 8 percent annually for the next three years, with the growth rate falling off

Alarcon Techware is growing quickly. Dividends are expected to increase by 8 percent annually for the next three years, with the growth rate falling off to a constant 3 percent thereafter. The required return is 14 percent and the company just paid its annual dividend of $3.64 per share. What is the current share price?
a. $51.11
b. $41.87
C. $38.79
d. $55.70
e. $48.96
 Alarcon Techware is growing quickly. Dividends are expected to increase by

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