Sage Inc. has a patent that will expire in two years. The firm is expected to grow at $10\mathrm{.}8$ percent for the next two years and dividends will be paid at year end. It just paid a dividend of $$1.$ After two years, the growth rate will decline to $4\mathrm{.}8$ percent immediately, and the firm will grow at this rate forever. If the required rate of return is $11$ percent, value the firm's current share price. $($Round intermediate calculations to $4$ decimal places, e$.$g$\mathrm{.}1\mathrm{.}1712$ and the final answer to $2$ decimal placesView Policies

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Sage Inc. has a patent that will expire in two years. The firm is expected to grow at $10\mathrm{.}8$ percent for the next two years and dividends

will be paid at year end. It just paid a dividend of $$1.$ After two years, the growth rate will decline to $4\mathrm{.}8$ percent immediately, and the

firm will grow at this rate forever. If the required rate of return is $11$ percent, value the firm's current share price. $($Round intermediate

calculations to $4$ decimal places, e$.$g$\mathrm{.}1\mathrm{.}1712$ and the final answer to $2$ decimal places, e$.$g$.45\mathrm{.}17.)$

Current share price $

Using multiple attempts will impact your score.

$25\%$ score reduction after attempt $1,$ e$.$g$.45\mathrm{.}17.)$