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Nu-Tech firm that just paid a dividend of $2.00 per share is expecting a period of intense growth. As a result, the firm has decided
Nu-Tech firm that just paid a dividend of $2.00 per share is expecting a period of intense growth. As a result, the firm has decided to increase its annual dividend by 10% a year for the next 40 years, and by 5% a year thereafter forever. The required rate of return is 15%. What should be the value of this stock 25 years from today? (Do not round your intermediate calculations. Round the final answer, if necessary, to two decimal places and enter it in canvas without the dollar (\$) sign)
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