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The Extreme Reaches Corp. last paid a 1.50 per share annual dividend. The company is planning on paying 3.00, 5.00, 7.50, and 10.00 a share

The Extreme Reaches Corp. last paid a 1.50 per share annual dividend. The company is planning on paying 3.00, 5.00, 7.50, and 10.00 a share over the next four years, respectively. After that the dividend will be a constant 2.50 per share per year. What is the market price of this equity if the market rate of return is 15%?

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