Baskin Corp. has just paid a quarterly dividend of $$0\mathrm{.}26.$ Analysts expect dividends to grow by $4\mathrm{.}5\%$ per quarter for the next $8$ years, and then by $2\mathrm{.}5\%$ per quarter thereafter. Baskin has a required return of $14\mathrm{.}31\%($EAR$).$

Attempt $2/5$ for $9$ pts$.$

Part $1$

What is the value of Baskin stock?