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Fey Fashions expects the following dividend pattern over the next seven years: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year

Fey Fashions expects the following dividend pattern over the next seven years:

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

$1.20

$1.32

$1.45

$1.60

$1.76

$1.94

$2.13

The company will then have a constant dividend of $2.40 forever.

What is the stock's price today if an investor wants to earn 17%

What is the stock's price today if an investor wants to earn 23%

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