Apply the hypergrowth model to the following information:

Today's dividend $($literally paid already today$)$ $$1\mathrm{.}00$

Yr $1$ dividend $$4\mathrm{.}25$

Yr $2$ dividend $$8\mathrm{.}25$

Yr $3$ dividend $$14\mathrm{.}25$

Yr $4$ dividend $$27\mathrm{.}50$

Assume beginning at the end of yr $4($i$.$e$.,$ applied to yr $5),$ perpetual and sustained growth for dividends is:

$6\%$

Your required return is: $14\%$

What is the value for this stock today?

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Year $012345678$

Dividend

Model $(*)$

Total cash flow for year

Value today

Where "Model $(*)"$ is the one time use of the constant growth model applied when growth rate is stabilized.