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Just Blue Company is a fast growing IT company. The company did not pay dividend last year and is expected to have no dividend pays

Just Blue Company is a fast growing IT company. The company did not pay dividend last year and is expected to have no dividend pays for the next two years. Last year, the companys growth accelerated and the anticipated growth rate for the next 5 years will be at 35 percent, before slowing down to a more stable growth rate of 7 percent thereafter. In the third year, the company has forecasted a dividend payment of RM1.10. Assume the required return is 17 percent, compute Just Blues current share price.

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