Pagemaster Corp just made a dividend payment. Dividends are expected to grow at 15 % per year in years one through five, stay constant in years six through ten (and equal to the fifth year dividend) and starting from year 11 the dividends are expected to decline at 3% per year in perpetuity. The required return on this stock is 12 percent, and the stock currently sells for $50 per share. What is the projected next dividend payment?