Question $7(1$ point$)$

H&H company made an announcement that it will start paying annual dividends,

with the first dividend being $$0\mathrm{.}50.$ The following $2$ years dividends will be $$0\mathrm{.}75$

and $$1\mathrm{.}00.$ After that, the dividend will be increased by $2\mathrm{.}5\%$ per year. How much are

you willing to pay for a stock of H&H today if you expect $8\%$ market return?

Enter your answer in absolute number rounded to $2$ decimals without $-,$ $$,$ CAD

signs.