Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From

20152015

through

20192019,

Seagate paid the following per-share dividends:

Year	Dividend per share
20192019	$2.552.55
20182018	2.262.26
20172017	1.811.81
20162016	1.211.21
20152015	1.481.48

Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a

2020%

required rate of return to find the value of Seagate's stock immediately after it paid its

20192019

dividend of

$2.55 2.55.