Question: Cullumber Corp. is a fast-growing compamy whose management expects it to grow at a rate of 29 percent over the next two years and then

Cullumber Corp. is a fast-growing compamy whose management expects it to
grow at a rate of 29 percent over the next two years

Cullumber Corp. is a fast-growing compamy whose management expects it to grow at a rate of 29 percent over the next two years and then to slow to a growth rate of 18 percent for the following three years. The last dividend paid by the company was $2.15. What is the dividend for the 2nd year? (Round answer to 3 decimal ploces, es. 15.250) D2$

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