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Consider the following intormation which relates to a piven company Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity Total

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Consider the following intormation which relates to a piven company Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity Total Common Stock Outstanding Dividend Per Share 2019 Value $656 $39.06 $64.2 2.55 million $4.9 Analysts expect that the company could maintain a constant annual growth rate individends per share of 3.78% in the future, or possibly 7.69% for the next year and 593 thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 3.93% to 10.49% Currently, the risk-free rate is 5.61% Required: Assuming no growth in future dividends, and a required return of 16,15%, find the value per share of the firm's stock

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