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Below numbers are in millions. Year 0: 0 Year 1: 5 Year 2: 6 Year 3: 7 Year 4: 8 Year 5: 10 Year 6:

Below numbers are in millions.

Year 0: 0

Year 1: 5

Year 2: 6

Year 3: 7

Year 4: 8

Year 5: 10

Year 6: ...

From year 6, the company issues dividend at a constant growth rate, which is 5%. The cost of capital is 10%. What is the stock price per share based on given information, using DDM method?

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