Using the table below, what is the maximum that an investor should be willing to pay for the share of common stock today? Table below to be used with problem #6:

Variable Value Explanation Dividend growth estimate 10%, 3% 10% for next 2 years (annual estimate) and 3% per year indefinitely thereafter.

Current dividend $1.00 Paid to shareholders on record as of 4/28/21 (DIVo)

Beta coefficient 2.0 Current estimate

Expected market return 12.0%

Expected (annual) return on the S&P 500 Index RFR 5.0%

Expected 10-year Treasury bond yield