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40. A company has common stock which just paid a dividend of $4.99 (at moment 0 ). For the next five years, the dividends are

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40. A company has common stock which just paid a dividend of $4.99 (at moment 0 ). For the next five years, the dividends are expected to grow 19% per year, then growth will slow to a sustainable rate. At the end of year 5 , the stock is expected to have a dividend payout ratio of 38% and PE ratio of 13.20 times. What is price is predicted for this stock at the end of year 5 (i.e., what is the terminal value)

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