Constant growth Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2015 through 2019, Seagate paid the following per-share dividends:

Year                     Dividend per share
2019............................. $2.52
2018............................... 2.25
2017.............................. 1.83
2016.............................. 1.19
2015.............................. 1.52

Assume that the historical annual growth rate of Seagate dividends is  n accurate estimate of the future constant annual dividend growth rate. Use a 20% required rate of return to find the value of Seagate’s stock immediately after it paid its 2019 dividend of $2.52.