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Lebron Jason Inc. just paid dividend ( D 0 ) of $ 3 . 0 0 / share . The firm s dividend payment is

Lebron Jason Inc. just paid dividend (D0) of $3.00/share. The firms dividend payment is expected to undergo fast growth for three years in a row at 85% each year (between t=0 and t=3), then the firms dividend will grow at 40% each year for 2 more years (between t=3 and t=5) until it slows down to a permanent growth rate of 4% per year forever. Thanks to the aggressive rate hiking by the Fed, the required rate of return (discount rate) is 15% between t=0 and t=2 but increases to 20% between t=2 and t=4 and further increases to 25% beyond t=4. Based on the dividend discount model, how much should the companys stock (per share) be traded at?(Show all work)

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