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Due to economic challenges XVZ Corp has suspended its dividend for the next three yean. The following vear, Le. 4 yars from todwn the firm

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Due to economic challenges XVZ Corp has suspended its dividend for the next three yean. The following vear, Le. 4 yars from todwn the firm plans to resume dividend payment with a dlvidend of $2.00 and intends to grow this dividend at a constant rate of 2.18 per year thereafter. If investors require a rate of retum of 10.7% for investing in this firm, what would investors be willing to pav for the stock today? $24.42 517.14 $15.49 $23.26

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