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the problem: Upper Gullies Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 22 percent for the next

the problem:

Upper Gullies Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 22 percent for the next eight years and then level off to a 7 percent growth rate indefinitely. If the required return is 14 percent, what is the price of the stock today?(Do not round intermediate calculations. Round the final answer to 2 decimal places.)

here is what I've done:

N=8

I/Y=22

PV=220

CPT FV=10.79695587

10.79695587 x 1.07= 11.55274278

11.55274278/ (.14-.07)

=165.0391826

N=8

I/Y=14

FV=165.0391826

CPT PV= 57.85597986

Now, I know because it is a growingannuityI must factor this in,

I am not sure if the equation i need is the supernormal growth rate? And if so t=0 correct? but then how many of the D1/(1+r) etc would i need to figure out?

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