Q4. In an analyst conference call House Outfitters Inc. updated the company's dividend forecast. For the next three years, no dividend is expected. In years 4, 5, and 6 the company will pay $.50 per share. Immediately after the year 6 dividend, the annual dividend will begin to grow at a perpetual rate of 2.5%. Calculate the company's current share price. The required return is 11.5%.