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c . Norman Osborn changed his mind about perpetual dividend payment system. Instead, he wants to implement a plan which includes 1 5 years of

c. Norman Osborn changed his mind about perpetual dividend payment system. Instead, he wants to implement a plan which includes 15 years of dividend payments growing at a 5% rate and afterwards he would like to decrease the dividends by 2% for forever. Norman will begin his plan a year from now and Oscorp just paid a dividend of $4.50. If the cost of equity is still 13%, how much would one share of Oscorp be worth should he aim to successfully implement this dividend policy change?
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