Common steck valve-Varlable growth Pensonal Finance Problem. Home Place Holels, inc, is ertering into a 3 year romodeling and expansion projoct. The construction will have a limiting effect on eamings during that time, but when il is complote, it should alow the compary to enjoy much improved growth in earnings and dividends. Last year, the company paid a dividend of $3.40. It expects zero growth in the next yeat. In years 2 and 3,3% growth is expected, and in year 4,16% growth. In year 5 and thereatior, growth should be an constant 4% per year. What is the masimum prioe per ahare that an investor who requires a rebun of 16W should pay for Home Place Hotols comrnon stock