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Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8 percent next year and will then reduce

image text in transcribed Westover Winds just paid a dividend of $2.10 per share. The company will increase its dividend by 8 percent next year and will then reduce its dividend growth rate by 2 percentage points per year until it reaches the industry average of 4 percent dividend growth, after which the company will keep a constant growth rate forever. Show the cash flows on the timeline and calculate the maximum share price that you should be willing to pay at required return of 11%

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