Rework Table $7\mathrm{.}4$ for horizon years $1,2,3,$ and $10,$ assuming that investors expect the dividend and the stock price to increase at only $6\%$ a year and that each investor requires the same $12\%$ expected return. The company will pay a dividend of $$1\mathrm{.}20$ at the end of the first year.Horizon $($years$)$ PV $($dividends$)$ PV $($terminal price$)$ Value per Share

$1$ $ $2\mathrm{.}68$ $ $72\mathrm{.}32$ $ $75$

$25\mathrm{.}2669\mathrm{.}7475$

$37\mathrm{.}7567\mathrm{.}2575$

$1022\mathrm{.}8752\mathrm{.}1375$

$2038\mathrm{.}7636\mathrm{.}2475$

$3049\mathrm{.}8125\mathrm{.}1975$

$5062\mathrm{.}8312\mathrm{.}1775$

$10073\mathrm{.}021\mathrm{.}9875$

What value would an investor place on the stock?

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.