financial management

Consider the following information which relates to a given company: Item 2019 Value Earnings Per Share $6.09 $41.34 Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding $62.7 million 2.57 million Dividend Per Share $4.98 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.93% in the future, or possibly 7.51% for the next 2 years and 5.35% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.04% to 10.03%. Currently, the risk-free rate is 5.55%. Required: Assuming a constant annual 7.51% growth rate in dividends per share over the next two years and 5.35% thereafter, find the value per share of the firm's stock. The required return is 16.21%. $ (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)