4M invented a breakthrough material, as analysts expect that the company will experience extremely high growth over next 3 years. The company plans to reinvest all its earnings during this period. Earnings were 1,50 / share before the material was developed and are expected to grow annually by 40% over the next 3 years. After this the annual growth will drop to 5% and remain. Company's equity cost of capital = 10% a) If company will pay dividends that are 75% of its earnings starting 4 years from now, what is the value of Company's shares today? What the company's share price is today