Question: answer asap Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a

answer asap
answer asap Lifecycle Motorcycle Company is expected to pay a dividend in

Lifecycle Motorcycle Company is expected to pay a dividend in year 1 of $2, a dividend in year 2 of $3, and a dividend in year 3 of $4. After year 3, dividends are expected to grow at the rate of 5% per year. An appropriate required return for the stock is 13%. Using the multistage DDM, the stock should be worth__________ today. (Round intermediate and final answer to 2 decimal places)

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