home place hotels, inc., is entering into a 3-year remodeling and expansion project. the construction will have a limiting effect on earnings during that time, but when its complete, it should allow the company to enjoy much improved growth in earnings and dividends, last year, the company paid a dividend of $3.20. it expects zero growth in the next year. in years 2 and 3, 3% growth is expected, and in year 4, 21% growth. in year 5 and thereafter, growth should be a constant 11% per year. what is the maximum price per share that an investor who requires a return of 15% should pay for Home Place Hotels common stock?