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Mute Cat is a start - up company that produces toys and children accessories for children aged between 3 - 1 5 . In year

Mute Cat is a start-up company that produces toys and children accessories for children aged between 3-15. In year 0, it just paid out a dividend of 1.50 dollars per share. The dividend is expected to grow for the next two years at an annual growth rate of g=20%. After that, it will grow at 10% for another two years, before achieving a long-run growth rate of 5%. Assume that the cost of capital =12%, and the dividend is paid at the end of each year. What is Mute Cat's stock price now?
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