Item5 Part 2 of 3 6.25 points Return to questionItem 5 Required information Skip to question -0:00 1x Lets look at a company that is currently not paying dividends. You predict that in five years the company will pay a dividend for the first time. The dividend will be $0.50 per share. You expect the dividend to grow at an 8% rate per year indefinitely at that time. The required return on companies like this one is 15%. What is the price of the stock today