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Montoya Inc. is a growing company that currently pays no dividends. You estimate that the company's sales will reach maturity in 3 years, and at

Montoya Inc. is a growing company that currently pays no dividends. You estimate that the company's sales will reach maturity in 3 years, and at that point, the company will pay a $3.00 dividend on each of its shares. You also assume that the firm will continue to pay dividends every year thereafter, forever, and that the dividend amount will grow by a constant 4.00 percent rate each year. If you require a 16.00 percent return on this stock investment

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