3. Nonconstant growth: Diaz Corp. is expected to grow rapidly at a rate of 35 percent for the next seven years. The companys first dividend, to be paid three years from now, will be $5. After seven years, the company (and the dividends it pays) will grow at a rate of 8.5 percent. What is the value of Diaz stock with a required rate of return of 14 percent?

PLEASE WITHOUT PLAGIRISM