Question: Alpha Wave Inc. is a fast-growing start-up which is active in artificial intelligence. Dividends are expected to grow at rates of 25 percent, 20 percent,

Alpha Wave Inc. is a fast-growing start-up which is active in artificial intelligence. Dividends are expected to grow at rates of 25 percent, 20 percent, and 13 percent over the next three years. Thereafter, the management expects dividends to grow at a constant rate of 8 percent. The stock is currently selling at $69.33 and the required rate of return is 17 percent. Required: Compute the company's dividend for the current year (D.)
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