PLEEEAAAASE ANSWER

Consider the following information which relates to a given company: 2019 Value $6.85 $40.03 Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $60.8 million 2.15 million $4.15 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.28% in the future, or possibly 7.5% for the next 2 years and 5.55% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.6% to 10.78%. Currently, the risk-free rate is 5.93%. Required: Assuming a constant annual 7.5% growth rate in dividends per share over the next two years and 5.55% thereafter, find the value per share of the firm's stock. The required return is 16.51%. $ (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)