ube received a performance bonus of R8 000 from his employer. Jerry is ng investing this money by purchasing ordinary shares in Delco Ltda that develops and provides customer relations management systems Jerry spoke to an investment consultant about his intended investment and mitant provided him with the following information relating to Delco: most recent (2019) payment was R3.50 per share. According to the published ler's report, future dividends are expected to grow at 15% per year for the ars (2020-2022) owing to the fact that more organisations are purchasing n 2023, the company expects its sales to slow down because most ons will have implemented CRMS at that stage. Dividend growth from 2023 s projected to be a constant 8% per year, indefinitely, Jerry does not want to than R50.00 per share for Delco shares and his required return is 18% ested your assistance to help him make the investment decision. calculations. the 2019 ordinary share price per share using the appropriate share model and then make your recommendation to Jerry on microscopes for