Question 27: Old Nova Inc. just paid its dividend of 5 per share yesterday, which is expected to grow by 1.5% per year the first, 10% for the next two and three years, 12% in year four, 15% in the next five and six years and 2% per year thereafter. Investors Old Nova Inc. expects a 15% return on the company's stock for the first 2 years. 12% return for next 2 years and 10% return thereafter. What is the value of current equity of Old Nova Inc. and is this stock worth to you if Old Nova Inc. offers its stock for 35 per share?