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Tillin Corp. is start-up company which is not paying dividends for the next 3 years. At the following year, Tillin will start paying an annual

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Tillin Corp. is start-up company which is not paying dividends for the next 3 years. At the following year, Tillin will start paying an annual dividend of $40 per share per year until year 10 . Thereafter, Tillin will increase the dividends by 5% per year forever. The required rate of return on this stock is 24%. What is the price of this stock right after the dividend in year 10 has been paid

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