VME Nitro Consult's stock currently sells for $50 per share. The stocks dividend is projected to increase at a constant rate of 6% per year. The required rate of return on the stock, rs, is 12%. What is VME Nitro Consult's expected price 13 years from today?

TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS YOU USED TO ARRIVE AT THAT ANSWER.

VME Nitro Consult's stock currently sells for $50 per share. The stock's dividend is projected to increase at a constant rate of 6% per year. The required rate of return on the stock, rs, is 12%. What is VME Nitro Consult's expected price 13 years from today? TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS YOU USED TO ARRIVE AT THAT