Question: CNBC's Jim Cramer recently commented that Amazon (AMZN) will start paying dividends in the near future due to all the cash flow it generates (along

CNBC's Jim Cramer recently commented that Amazon (AMZN) will start paying dividends in the near future due to all the cash flow it generates (along with a cash balance of over $19 billion). When asked about the topic, Jim made a bold prediction that Amazon will begin paying its first dividend within 5 years in the amount of $34.50 per share. Jim also projected that dividends would grow, over the next 4 years, at 12.0% per year, after which the growth rate would be a constant rate of 7.2% per year, forever.

If the appropriate discount rate for Amazon stock is 10.0%, how much should the stock sell for today based on a discounted valuation of future dividends that Jim Cramer has projected?

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