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FFG industrials just paid a dividend of 3.00 given the high demand in its industry dividends are projected to increase 13% in the next year

FFG industrials just paid a dividend of 3.00 given the high demand in its industry dividends are projected to increase 13% in the next year and 9% in the following year after that dividends are projected to grow at a constant rate of 4% indefinitely the market desires a return of 8.5% given the risk in this industry your analysis shows that the stock should sell at a price of ___ today The stock is currently trading at $85 you would recommend the the portfolio manager buy sell or hold?

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