The coffee company was built in 2000, but they didn't pay dividends until 2020.

After 20 years. Starbucks was founded in 2022, and in the same way as The coffee company, they will not pay a dividend until 2042.

Suppose that Starbucks does plan to pay a dividend of $20 per share in 2042 and that dividends will increase at a 4% annual rate ever after.

Starbucks has assumed 3.2% market risk premium and 2% risk of free rate in determining and has a beta coefficient of 1.9.

How much should pay to purchase one share of Starbucks today? Please explain.