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Shareholders of Evercore Inc. (ticker symbol: EVR) just received an annual dividend of $2.20 per share. During the next 4 years, as a result of

Shareholders of Evercore Inc. (ticker symbol: EVR) just received an annual dividend of $2.20 per share. During the next 4 years, as a result of the strong momentum and positive outlook in their business, Evercore expects its annual dividend to grow by 15% per year. Afterwards, Evercore expects to grow at a constant annual rate of 5%. If you require a 7.70% rate of return, how much will you pay today for one share of Evercore?

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