Q$8$: Company $K$ just paid a dividend of $$7$ per share. The forecast dividends in the next several years are as follows. What should be the current price of Company $K$ today if the required rate of return is $12\%?$

$\backslash$table$[[,$Dividend Growth Rate,Dividends $($$$)],[$Year $0,,7],[$Year $1,,8\mathrm{.}5],[$Year $2,,10],[$Year $3,,11],[$Year $4,,12\mathrm{.}5],[$Year $5$ and onward,$+6\%,]]$