Question: Question 3 (CHAPTER 8) Starducks, a coffee chain (it's real!), is a publicly traded company, and you need to figure out the current value of

Question 3 (CHAPTER 8) "Starducks", a coffee chain (it's real!), is

Question 3 (CHAPTER 8) "Starducks", a coffee chain (it's real!), is a publicly traded company, and you need to figure out the current value of its stock shares. Here is what you know about its expected future per-share dividends: $4 in 1 year, $6 in 2 years, $8 in 3 years, after which the dividends are expected to grow at the annual rate of 6%, indefinitely. The company's return on its investments is 11% per year. What is today's value of Starducks' stock share? Increase the decimal places for any intermediate calculations, and round your final answer to TWO decimal places, for example, 123.45

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