Dantzler is expanding rapidly so it has suspended paying any dividends (it needs all Nl as additions to retained earnings). They expect to resume dividends 4 years from now when they will pay a $2/share dividend. Dividends will grow at 20% for 2 years, 10% for 1 year, and then slow to a constant 3% growth rate after that. If the required return is 12%, what is the value of the stock today