4. A stock is expected to pay 0.60, 0.70 and 0.80 euros per share in the next 3 years Then, a growth phase of 4 years at 6% is expected Finally, the future growth of the company is expected to be 3.5% per year and the assumption is that this growth will be constant and continue until infinity This stock has a beta of 1.2, the risk-free rate is 1.8%, the expected return of the market is 5.5% Calculate the fair value of this stock today if you expect to sell the stock at the end of year 7 (Use the CAPM to find the required rate of return (discount rate for the stock))