mathxd.com/Student/PlayerHomeworkaspx?homeworkld=579106421&questionid=10&flushed=true&cid=6232281¢erwin wyes FIN-450-ETR300A-20200908.15.1220 Jelen jackson & 10/04/20 10:17 PM Homework: Homework 3 Save Score: 0 of 1 pt 9 of 10 (8 complete) HW Score: 67 42%, 6.74 of 10 pts 7-14 (similar to) Common stock value-Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3-year remodeling and expansion projed The construction will have a limiting effect on earnings 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 $1.60. It expects zero growth in the next year. In years 2 and 3,5% growth is expected, and in your 4 18% growth. In year 5 and thereafter, growth should be a constant 8% per year. What is the maximum price per share that an investor who requires a return of 14% should pay for Home Place Hotels common stock? (Round to the nearest Cont) The maximum price per share that an investor who requires a return of 14% should pay for Home Place Hoteis common stock is 5