Next, Inc. is a construction company in a niche market. Based on their latest projections, the and company expects to increase its annual dividend by 20 percent per year for the next two years and by 10 per cent for the third year. After this period, dividend is expected to grow at a constant rate of 8% forever. The last dividend paid was $1.25 a share. What should you expect to pay per share if the market rate of return on this stock is 16 percent