Apply the hypergrowth model to the following information:
Today's dividend (literally paid already today)				$2.00
Yr 1 dividend				$4.00
Yr 2 dividend				$8.00
Yr 3 dividend				$11.00
Yr 4 dividend				$14.00
Assume yr 5, perpetual growth at 8% for dividends
Your required return is 12%
What is the value for this stock today?

You may use the following chart and partial credit will be given for correct data input.
You may also use hint provided in the chart to fill in cells
Year	0	1	2	3	4	5	6	7	8
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.