Qucstion 3/2.5 marks Flytech, Inc, is a tech company which is expected to experience high growth over the next three years and will reinvestall of its eamings in expanding the company over this time. Baminga were $2.30 per share last year and are expected to grow by 30%,25% and 20% respectively for the next three years. After this time, it is expected that growth will drop to an industry average of 6% and stay there for the forcsecabie future. Three years from now Flytech will start paying out 60% of its caming in dividends. If its cquity cost of capital is 15%, what is the value of a share of Flytech today? (Note, You necd to show ealculations in all steps to sct a full mark.)