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[15 points] Roadrunner Enterprises is expected to grow its dividends and earnings at various rates. The company just paid a cash dividend of $2.00 per

image text in transcribed [15 points] Roadrunner Enterprises is expected to grow its dividends and earnings at various rates. The company just paid a cash dividend of $2.00 per share. The company expects to grow its dividend at 16% for the next four years, after which the company expects to increase its dividend at a constant rate of 7% per year forever. If the required rate of return on Roadrunner's common stock is 14%, then what is the Fair Market Value (FMV) of the stock now

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