Question $21(4$ points$)$

$$ Sured

Leghat Inc. just paid a dividend of $$2\mathrm{.}2.$ It is expected to grow at $20\%$ for $2$ years and then settle down to a regular growth rate of $4\%.$ The fair rate of return is $15\%.$ What is the stock of leghat Inc. worth?

$$ $$28$

$$ $$30$

$$27$

$$29$