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3. DiDi Chuxing Technology Company is a young app-based transportation company. No dividends were paid on the stock over 15 years because the firm needed

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3. DiDi Chuxing Technology Company is a young app-based transportation company. No dividends were paid on the stock over 15 years because the firm needed to reinvest earnings to maintain growth. The company will begin to pay a dividend of $20 per share 15 years from today and will increase the dividend by 4% per year, thereafter. If the required rate of return on this stock is 12%, what is the current share price? (20 POINTS) h

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