(b). Angels Camp Brewing Co. is a young start-up company. No dividends will be paid on the stock during the next eight years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $4 per share each year for the next six years (i.e., D9=D10==D14=$4). It is then expected to pay dividend of $7 per share each year thereafter. If the required return on this stock is 7%, What would you pay for the stock today