Management has recently announced that expected dividends for the next three years will be as follows: Year 1 2 3 Dividend $3.00 2.25 I 1.50 The firm's assets will then be liquidated and the proceeds invested in the preferred stock of other firms so that the company will be able to pay an annual dividend of $1.25 indefinitely. If your required return on investments in common stock is 10 per cent, what is the maximum you should pay for this stock? Put in the world microsoft please Thanks