ABC Corporation just paid a dividend of $1.90 per share. The company will increase its dividend by 20% next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5% dividend growth, after which the company will keep a constant growth rate forever. If the required return on ABC stock is 15%, what will a share of stock sell for today?

Prefer hand written or typed

NEED ASAP