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I need it urgently QUIZ4 YORKVILLE UNIVERSITY 4-(20 marks) Nishit Inc. is expecting to pay $1.25, $1.20, and $1.15 in annual dividends for the next

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QUIZ4 YORKVILLE UNIVERSITY 4-(20 marks) Nishit Inc. is expecting to pay $1.25, $1.20, and $1.15 in annual dividends for the next three years respectively. After that, it projects that dividends will increase by 2.5% annually. Rahul is in the 25% marginal tax bracket and wants to earn 7% after-tax on his investments. How much is Rahul willing to pay today for one share of Nishit Inc. stock? Ignore the dividend tax credit

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