At the end of the year 2020 Brown Bear Corporation paid dividends $3.95 per share. The company projects the following annual growth rates in dividends: Year Growth Rate 2021 14% 2022 14% 2023 14% 2024 9% 2025 7% 2026 5% From year 2027 onward growth in dividends is expected to remain constant at 2% per year. The required rate of return for this stock is 11.35%. Calculate the economic value of the stock now (end of the Year 2020). Your