2. ABC Inc. has not paid a dividend during the past 25 years. However, at the end of this year, the company plans to pay a $1.50 dividend and a $2.50 dividend the following year (Year 2). Starting in three years, the dividend will begin to grow by 4 percent each year for as long as the firm is in business. If investors require an 12 percent rate of return to purchase this common stock, what should be the market value of the stock today