Question: Macrosoftware plc is a young start-up company. No dividends will be paid on its stock over the next 7 years because the firm intends to

Macrosoftware plc is a young start-up company. No dividends will be paid on its stock over the next 7 years because the firm intends to reinvest all its earnings to generate growth. The company will then pay a 1 per share dividend in year 8 and will increase the dividend by 4 per cent per year thereafter. If the required return on this stock is 9 per cent, what is the current share price

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