Staton smith software is a new start up company and will not pay dividends for the first five

P 7 - 10 ( similar to ) $ _ Question Help Staton - Smith Software is a new start -up company and will not pay dividends for the first five years of operation . It will then institute an annual cash dividend policy of $2. 75 with a constant growth rate of 3% , with the first dividend at the end of year six . The company will be in business for 25 years total . What is the stock's price if an investor wants a. a return of 12%/ ? b. a return of 13% ?) C . a return of 23% ? d. a return of 40 % ?) a . What is the stock's price if an investor wants a return of 12% ?' $\\ ( Round to the nearest cent . )