Common stock value - Variable growth Personal Finance Problem Home Ploce Hoels, Inc, is ectaring inlo a 3-year remodeling and expansion project. The corstruction wil have a limiting oftect on eamings during that time, but whon it is pomplete, Ht should allow the company to eryoy much improved growh in eamings and dividends. Lastyear, the compary paid a didend of 33 . 70 It expects zero groweh in the ned year in years 2 and 3,5% growth is expectod, and in year 4,21% growth. In your 5 and thereafer, growth ahould be a constant 115% per year. What is the maximum price per share that an inveator who requires a rebum of 14% should pay for Home Place Hobels comman stock