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RussellCo ( RCO ) stock has the following forecasted dividend per share stream: $ 1 . 1 4 at the end of years 1 to

RussellCo (RCO) stock has the following forecasted dividend per share stream: $1.14 at the end of years 1 to 10, $1.80 at the end of year 11, after which dividends are expected to grow by 2% per year, forever and ever. Using a required return of 14%, calculate a fair price for RCOs stock today (b) Based on the forecasted dividend stream, calculate what RCOs stock price should be 16 years from today

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