(b) The day after you make your estimate in part (a), new information indicates that things are not going as smoothly as predicted for this business. Your estimates of the initial dividend and the growth rates remain the same, but the timing has changed. You now estimate that the firm will pay its first dividend ($1) in 6 years. The high-growth period (20 percent per year) will last for only two years before slowing to growth of 10 percent per year for the foreseeable future. Given a rate of return of 14 percent, what is your new estimate of the value of the stock, and should you change your recommendation (assuming the stock is still priced in the market at $20)