Question: Problem 2. PTECH Supply Co. (PTSC) is expected to begin dividend payments next fiscal year (ended May, 2023) by paying $1.50 per share. Over the

Problem 2. PTECH Supply Co. (PTSC) is expected to begin dividend payments next fiscal year (ended May, 2023) by paying $1.50 per share. Over the next three years, you expect PTSC dividends will increase by 20% per year. Thereafter, you expect PTSC earnings and dividends will grow at a constant 3% rate forever. The required rate of return is at least 8.5%. What is the most you are willing to pay for a share of PTSC? Show your work below: a

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