Question: Macaroni Inc. announced that it would pay the following dividends over the next five years: $0.50, $0.75, $1.50, $3, and $4. Afterward, dividends will decline

Macaroni Inc. announced that it would pay the following dividends over the next five years: $0.50, $0.75, $1.50, $3, and $4. Afterward, dividends will decline at a rate of 5 percent per year indefinitely. What is the firms current stock price if the required rate of return is 13%?

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