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Halliford Corporation Corporation will pay an annual dividend of $ 0.65$0.65 one year from now. Analysts expect this dividend to grow at 12.2 %12.2% per

Halliford Corporation Corporation will pay an annual dividend of $ 0.65$0.65 one year from now. Analysts expect this dividend to grow at 12.2 %12.2% per year thereafter until the 44th year. Thereafter, growth will level off at 2.4 %2.4% per year. According to the dividend-discount model, what is the value of a share of Halliford stock if the firm's equity cost of capital is 8.9 %8.9%?

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