Question: Question 11 (5 points) Saved TP Inc. is a young start-up company. No dividends will be paid on the stock over the next 7 years,

Question 11 (5 points) Saved TP Inc. is a young start-up company. No dividends will be paid on the stock over the next 7 years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $25 per share dividend at the end of year 8 and thereafter it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 10%, what is the current (today's) share price? Cenous the comma toeparate thousand DO NOT USE de oond to the DOLLAR. Forma $1,482.728 then enter 1,433 or low O SL120.1371 de cada 1,120

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