}Global Telecom has undergone tremendous growth over the past several years. The companys international expansion projects resulted in tremendous increase in sales revenue. The financial analysts expect that the growth in sales in the next 5 years will result in a growth in dividends of 20% annually for the next 5 years. Then there will be a 10% annual rate in the growth of dividends for the following 3 years. Thereafter, the market will be saturated and so no new growth opportunities will arise thus the market analysts estimate no further growth for the company after year 8. If the risk free rate is 4%, the market premium is 6%, Globals Beta is 2 and Global Telecom currently pays an annual dividend of LE 2.5 per share, estimate a current per share price of the stock. If the company is currently selling on the Egyptian Stock Exchange at LE 50, what would your investment recommendation be?