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please show work thank you Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $9.45 per share and

please show work thank you

Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $9.45 per share and has announced that it will increase the dividend by $9.75 per share for each of the next four years, and then never pay another dividend.

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If you require a return of 14 percent on the companys stock, how much will you pay for a share today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Current share price $

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