P7-14 (similar to) Question Help Common stock value--Variable growth Personal Finance Problem Home Place Hotels Inc is entering into a 3 year remodeling and expansion project. The construction will have a limiting effect on earnings during that time, but when it is completo, it should allow the company to enjoy much improved growth in earnings and dividends Last year, the company pada dividend of $2.70. It expocs 2010 growth in the next year in years 2 and 3,3% growth is expected, and in year 4. 19% growth in your 5 and thereafter growth should be constant 11% per year What is the maximum price por share that an investor who requires a return of 17% should pay for Home Place Hotels common stock? The mooimum price per share it an investor who recures a return of 17% should pay for Home Place Hotely common stock is (Round to the nearest cent)