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Allas Home Supply has paid a constant annual dividend of $ 2 4 0 a share for the past 1 5 years. Yesterday, the firm

Allas Home Supply has paid a constant annual dividend of $240 a share for the past 15 years. Yesterday, the firm announced the dividend will increase next year by 10 percent and will stryy at that level through Year 3, after which time the dividends will increase by 2 percent annually. The required return on this stock is 12 percent. What is the current value per share?
$2684
1b. $2457
c. $26.02
.d. $26.08
e. $25.51
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