Mind Max Inc. has a dividend policy that increases annual dividends by $3\%$ each year. If last year$$s dividend was $$2\mathrm{.}50,$ the company intends to stay in business for $50$ years, and an investor wants a $10\%$ return, what would be the price of Mind Max stock?

Dividend next year would have grown

twice $($two times at growth rate each year$)$

from last year's dividend. Make sure to

use a negative sign before the PV function

if you choose to use it instead of the

mathematical formula.