common stock value- variable growth

Common stock value-Variable growth Personal Finance Problem. Home Place Hotes, Ine, is entering into a 3-year remodeling and expansion project. The construction wi have a liming effect on eamings during that time, but when at is complete, it ahould alow the company to onjoy much improved growth in oamings and dividends. Last year, the company paid a dividend of $3.40. thexpects zeso growth in the next year. In years 2 and 3,6% growth is expected, and in year 4,15% growth. In year 5 and thereafter. growth should be a constant 11% per year. What is the maximum price per share that an invesior who requires a retum of 17% should pay for Home Place Hotes cormon slock