Question: I need help with this problem Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of 51 1.00 per

I need help with this problem

Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of 51 1.00 per share and has announced that It will Increase the dividend by 59.00 per share for each of the next four years, and then never pay another dividend If you require a retun of 16 percent on the company's stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.18.)

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