K Question 6, P7-14 (similar to) HW Score: 29.17%, 35 of 120 points Points: 0 of 10 Common stock value-Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3-year remodeling and expansion project. The construction will have a limiting eamings during that time, but when it is complete, it should allow the company to enjoy much improved growth in earnings and dividends. Last year, the company paid a dividend of $4.40 It expe in the next year. In years 2 and 3, 4% growth is expected, and in year 4, 19% growth. In year 5 and thereafter, growth should be a constant 7% per year. What is the maximum price per share th who requires a return of 17% should pay for Home Place Hotels common stock? The maximum price per share that an investor who requires a return of 17% should pay for Home Place Hotels common stock is $ (Round to the nearest cent.)