A company just paid a dividend of 0.40. The dividends are expected to griw at a rate of 7% for the next six years and then at a rate of 4% thereafter. The expected dividend in year 8 is?

7. A company just paid a dividend of $0.40. The dividends are expected to grow at a rate of 7% for the next six years and then at a rate of 4% thereafter. The expected dividend in year 8 is