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Primax Berhad had just paid divided of RM 0 . 4 4 . Through a new technique of producing their products, Primax expects to obtain

Primax Berhad had just paid divided of RM0.44. Through a new technique of producing their products, Primax expects to obtain high growth achievement in the short term that is at 25 percent per year for the first three years (g1-g3=25 percent). After that, the growth is expected to return to normal for a long period, that is 10 percent perpetually. Compute the price of Primax's shares today if investors required 15 percent rate of return.

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