1. In order to buy back its own shares, XYZ, Inc. has decided to suspend its dividends for the next three years. It will resume its annual cash dividend of $3.00 per share in year 4 and year 5. Thereafter, its dividend payments will grow at an annual growth rate of 5 percent, forever. The required rate of return on the XYZ's stock is 14 percent. What should the firm's current share price be