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Assuming company A decide to go public and form the broad investor consensus, they expect the company pays no dividend at the first three years.

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Assuming company A decide to go public and form the broad investor consensus, they expect the company pays no dividend at the first three years. At year 4, it starts to pay 2.74 dollars dividend expect to grow 6% perpetually, how much would the investor willing to pay for the company's stock (assume the expected return is 8%)? a) 116.82 b) 114.67 c) 113.45 d) None of those e) 115.03

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