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BPAFree Inc. does not currently pay a dividend. The company plans to pay a $2/share dividend in years. After that, the dividend is expected to
BPAFree Inc. does not currently pay a dividend. The company plans to pay a $2/share dividend in years. After that, the dividend is expected to grow 4% annually forever. If the cost of equity is 11%, calculate the current price of BPA Free. Your answer should be entered as a positive number and rounded to the nearest penny (two (2) decimals; no commas or $ signs please) Enter $61.23 as 61.23
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