Question: X Inc. will pay in one year (at time 1) a dividend of $3.00. The dividend is expected to grow at 17.00% per year until

X Inc. will pay in one year (at time 1) a dividend of $3.00. The dividend is expected to grow at 17.00% per year until (and including) year 5. After this, dividends will grow at 8.00% per year in perpetuity. Assume the discount rate is 11.00%. What is the stock currently worth?

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