Question: The firm with which you are interviewibg does not yet pay a dicidend. However, in 5 years industry participants think that they will begin paying

The firm with which you are interviewibg does not yet pay a dicidend. However, in 5 years industry participants think that they will begin paying a dividend and it will be $2.34 per share. Every year thereafter, the dividend is expected to grow at 3.8%.8.9% is the required rate of refurn for your firm. according to the dividend discount model, what should be the proce of the firm's equity today?

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