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Tesla Ltd., is a fast growth share and expects to grow at a rate of 25 per cent for the next four years. It then

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Tesla Ltd., is a fast growth share and expects to grow at a rate of 25 per cent for the next four years. It then will settle to a constant-growth rate of 10 per cent. The first dividend will be paid out in year 3 and will be equal to $5.00. If the required rate of return is 18 per cent, what is the current price of the share? O $65.68 $50.59 $97.19 $85.94

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