Mountain Co.currently just paid a dividend of $2.20 per share.The dividends are expected to grow at 25% per year for the next four years and then grow 5% per year thereafter.The required rate of return is 10%.Calculate the expected price in year 5.

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The Answer of Mountain Co.currently just paid a dividend of $2.20 per share.The dividends are expected to grow at 25% per year for the next four years and then grow 5% per year thereafter.The required rate of return is 10%.Calculate the expected price in year 5.