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The current price of Macys common stock is $35 per share. You plan on buying it today, holding it for 7 years, and then selling

The current price of Macys common stock is $35 per share. You plan on buying it today, holding it for 7 years, and then selling it. You anticipate receiving a dividend per share of $1.00 for each of the next three years, $2.00 four and five years from today, and $3.00 six and seven years from today. If you want to earn 12% on your investment, what price must you receive when you sell the stock seven years from today?

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