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Pleade help me find mackum price per share that an investor who requires a 14% return should pay Common stock value-Variable gromth Personal Finance Problem

Pleade help me find mackum price per share that an investor who requires a 14% return should pay
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Common stock value-Variable gromth Personal Finance Problem Homo Place Hotels, inc, is entering ino a 3-year remodeing and expansion project. The construction wa have a limiting effect on earnings during that time. but when it is cocnplete, it should alow the company to enioy much improved growth in earnings and dividends. Last year, the company paid a dividend of $3.20. It oxpects zero growth in the next yeat. In years 2 and 3,4% growth is expected, and in year 4,21% grows. In year 5 and thereaftec, growth should be a conseant 7% per year. What is the maximum price per share that an investar who requires a retum of 14% should pay for Home Place Hotels common stock? The maimum proe per share that an invesiof who requites a totuen of 14% should pay for Home Pisce Hotels common stock is 1 (Round to the nearest cent.)

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