Question: Suppose that an analyst believes that Google (GOOG) will begin paying dividends in 6.00 years. At that time, the analyst expects Google to have a

Suppose that an analyst believes that Google (GOOG) will begin paying dividends in 6.00 years. At that time, the analyst expects Google to have a dividend payout rate of 60.00%, while the rest of earnings will be re-invested in the business. Currently, earnings per share for the company is $36.75. Analysts expect EPS to grow at 19.00% per year for the next 6 00 years. At that time, earnings growth will slow down to 5.00% per year if investors in Google seek a 11.00% annual return, what is the value of a share today? (assume that the analyst is correctl) Submit Answer format: Currency Round to 2 decimal places

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