Question: Marcel Co. is growing quickly. Dividends are expected to grow at a 30% rate for the next 3 years, with the growth rate falling off

Marcel Co. is growing quickly. Dividends are expected to grow at a 30% rate for the next 3 years, with the growth rate falling off to a constant 6% thereafter. If the required return is 13% and the company just paid a $1.80 dividend, what is the current share price Draw a timeline

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