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PLEASE SHOW ALL WORK AND FORMULAS. DON'T USE EXCEL. Question (29 Sirius Cybernetics Corp does not plan to issue a dividend for 17 years. On

image text in transcribedPLEASE SHOW ALL WORK AND FORMULAS. DON'T USE EXCEL.

Question (29 Sirius Cybernetics Corp does not plan to issue a dividend for 17 years. On the 18th year, the company plans to issue a dividend of $1.60 and expects future dividends to grow by 2.6% each year thereafter. If you require a return of 10.6%, what is the maximum price you are willing to pay today for this stock

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