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Capello's Deli traditionally pays an annual dividend of $1.61 per share. The firm is projecting dividends of $1.8 and $2.17 over the next two years,

Capello's Deli traditionally pays an annual dividend of $1.61 per share. The firm is projecting dividends of $1.8 and $2.17 over the next two years, respectively. After that, the company expects to pay a constant dividend of $2.52 a share. What is the maximum amount you are willing to pay for one share of this stock if your required return is 10.75 percent?

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