on stock value-Variable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3-year remodeling and expansion project. The construction will have a limiting effect on earnings during that time, but wh ale, it should allow the company to enjoy much improved growth in earnings and dividends. Last year, the company paid a dividend of $2.80. It expects zero growth in the next year, In years 2 and 3, 2% growth is expected, and in rowth. In year 5 and thereafter, growth should be a constant 9% per year. What is the maximum price per share that an investor who requires a return of 15% should pay for Home Place Hotels common stock? maximum price per share that an investor who requires a return of 15% should pay for Home Place Hotels common stock is $| (Round to the nearest cent.)