Calculate todays stock price for Deere (DE) if last periods dividend was $1.32 and its constant growth rate (for its dividend) is projected to be 4% indefinitely (assuming a required rate of return of 8%). (5 pts.)

What would be todays price if the dividend growth of DE (see above) for the next three years is projected to be 9% in year 1, 11% in year 2, and 7% in year 3....and, after year 3, dividend growth will return to its constant growth rate of 4% (again, assume the required return for shareholders is 8%).