Greetings,

I've been working on this problem for awhile and am really struggling. Any help is greatly appreciated. Thank you for your time!

Four years ago, a firm paid a dividend of $2.75 per share. The firm paid a dividend of $3.17 per share yesterday. Dividends will grow over the next five years at the same rate they grew over the last four years. Thereafter, dividends will grow at 5 percent per year.

Not rounding intermediate calculations, and rounding an answer to two decimal places (e.g. 56.91), What will the firm's cash dividend be in seven years?