Assuming a required rate of return of 16% estimate Titan's stock price plans for 1-4. Titan Financial currently pays a dividend of $3.00. Titan's CFO forwards 3 dividend plans 1-3. Titan's CEO is worried the firm cannot maintain dividends at their current level, he proposes plan 4: Plan 1: They intend to keep dividends constant forever Plan 2: They intend to grow the $3.00 dividend at 6% per year Plan 3: They intend to grow dividends at 33%, then 25%, then 20% then 6% forever Plan 4: They cut dividends by 33%, then cut them by 50%, then grow them at 8% forever..