Question: Check my work Problem 8-34 Variable Growth (LG8-6) A fast-growing firm recently paid a dividend of $0.25 per share. The dividend is expected to increase

Check my work Problem 8-34 Variable Growth (LG8-6) A fast-growing firm recently paid a dividend of $0.25 per share. The dividend is expected to increase at a 30 percent rate for the next four years. Afterwards, a more stable 10 percent growth rate can be assumed. If an 115 percent discount rate is appropriate for this stock, what is its value? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Stock value

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