$$The Bell Weather Company is a new firm in a rapidly growing

industry. The company is planning on increasing its annual dividend

by $15$ percent a year for the next $4$ years and then decreasing the

growth rate to $6$ percent per year. The company just paid its annual

dividend in the amount of $$2\mathrm{.}90$ per share. What is the current

value of one share of this stock if the required rate of return is

$8\mathrm{.}40$ percent?