Question 10: The CFO of Paramax Corporation (PMX) has just informed you that PMX stock will continue to pay a dividend of $4.25 for the next 6 years. The current cost of equity (re) for PMX is 8.75%. After 6 years, the CFO expects: (1) re to drop to 7.50%,(2) the dividend to be increased to $4.50, and (3) an internal growth rate going forward of 2% per year. What is the value of PMX stock