ABD Foods, Inc., has just invented a potato chip that looks and tastes like a cajun fry. Given the phenomenal market response to this product, ABD Foods is reinvesting 80% of its earnings to expand its operations. Earnings were $2.5 per share this past year and are expected to grow at a rate of 25% per year until the end of year 3 . At that point, other companies are likely to bring out competing products. Analysts project that at the end of year 3, ABD Foods will cut its investment and begin paying 50% of its earnings as dividends. Its growth will also slow to a long-run rate of 5%. If ABD Foods' equity cost of capital is 6%, what is the value of a share today