This questions por Common stock value-Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3-year remodeling and expansion project. The construction will have a complete, it should allow the company to enjoy much improved growth in earnings and dividends. Last year, the company paid a dividend of $4.70. It expects zero growth in the next year. 16% growth. In year 5 and thereafter, growth should be a constant 11% per year. What is the maximum price per share that an investor who requires a return of 16% should pay for Home The maximum price per share that an investor who requires a return of 16% should pay for Home Place Hotels common stock is $ (Round to the nearest cent)