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roblem 5 (10 pts.) ecause of recent innovations that the firm completed, Wibar, Inc., a Tempe based chnology company whose stock is currently paying $3.00

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roblem 5 (10 pts.) ecause of recent innovations that the firm completed, Wibar, Inc., a Tempe based chnology company whose stock is currently paying $3.00 per share is expected to grow an annual rate of 17% per share for the nextfour years and then settle at a constant rate 6 percent thereafter indefinitely. If you were interested in adding this stock to your rtfolio and your required rate of return is 11 percent, what is the maximum price you ould pay per share? Show quantitative support for your

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