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Suppose Intel Co. plans to pay a dividend per share of $2.50 in one year (year 1), $2.75 in two years (year 2), and $2.50

Suppose Intel Co. plans to pay a dividend per share of $2.50 in one year (year 1), $2.75 in two years (year 2), and $2.50 in three years (year 3). Afterward, Intel Co. will not pay any dividends for 7 years. Then starting in time 10, the company will pay an annual fixed dividend of $3.25 per share forever. If Intel Co.s equity cost of capital is 8.00%, what is the current price per share of Intel Co.?

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