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Also, if you use a discount factor please show how you calculated said factor for each dividend. Biarritz Corp. is growing quickly. Dividends are expected

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Also, if you use a "discount factor" please show how you calculated said factor for each dividend.

Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growth rate falling off to a constant 7.4 percent thereafter. If the required return is 16 percent and the company just paid a dividend of $3.45, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Share price $ 77.84 X

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