Marinara Corporation has just distributed $0.66 dividend. The company is growing very fast and expected to grow fast fow more years. The\% expected growth rates for the following five years are 110, 173, 77, 39, 19.5 percent, respectively. After that the growth will slow down and will stay a 7.8 percent for the foreseeable future. The required rate of retum is 11 percent. Based on these assumptions, what is the fair price of this stock? Calculate the price using dividend discount model. 5213.56 $244.35 528423 51553