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(Estimated time allowance: 7 minutes) OneNo Corp. is start-up company and therefore is not paying dividends for the next 5 years. At the following year,

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(Estimated time allowance: 7 minutes) OneNo Corp. is start-up company and therefore is not paying dividends for the next 5 years. At the following year, OneNo Corp. will start paying an annual dividend of $7 per share per year until year 11 (this is a period of 0% growth in dividends). Thereafter, it will increase the dividends by 2% per year forever. The required rate of return on this stock is 10%. What is the present value of dividends received during the 0% growth in dividends? Do not use the \$sign. DO NOT USE commas to separate thousands. Use 2 decimals and round to the nearest cent. For example if you obtain $1,432.728 then enter 1432.72; if you obtain $432 then enter 432.00 Your

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