3. S Corporation is expanding rapidly and it currently needs to retain all of its earnings. Hence, it does not pay any dividends. However, investors expect S Corp to begin paying dividends with the first dividend of $1.00 coming 3 years from today. The dividend should grow rapidly--at a rate of 50% per yearduring years 4 and 5. After year 5, the company should grow at a constant rate of 8% per year. If the required return on the stock is 15%, what is the value of the stock today? Identify all numbers and show all work.