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Rhode Island Power Inc. has paid a constant annual dividend of $4.25 a share for the past 10 years. The firm will increase its dividend

Rhode Island Power Inc. has paid a constant annual dividend of $4.25 a share for the past 10 years. The firm will increase its dividend next year by 7.5 percent and then dividends will stay at that level (amount) from Year 2 to Year 5. After year 5, the dividends will increase by 3 percent annually forever. If the required return is 13.25 percent, what is the intrinsic value per share for Rhode Island Power Inc.?

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