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(Estimated time allowance: 8 minutes) Cero Inc. has not paid dividends on its stock for the past 5 years and no dividends will be paid

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(Estimated time allowance: 8 minutes) Cero Inc. has not paid dividends on its stock for the past 5 years and no dividends will be paid over the next 9 years, because the firm needs to plow back its earnings to fuel growth. The company will then pay a $20 per share dividend at the end of year 10 and thereafter it will increase the dividends by 2% per year forever. If the required rate of return on this stock is 10%, what is the current (today's) share price? Do not use the silen. Use commas to separate thousands. DO NOT USE dedmats Round to the nearest DOLLAR For example if you obtain $1,432,728 then enter 1,433 or if you obtain $1,120.1321 then enter 1,120 A/

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