(Answered) Hayley motorcycle company just paid a dividend of 14 today

Engineering

Hayley Motorcycle Company just paid a dividend of $1.4 today, and is expected to pay a dividend in year 1 of $1.8, a dividend in year 2 of $2.3, a dividend in year 3 of $2.9, and a dividend in year 4 of $3.8. After year 4, dividends are expected to grow at the rate of 0.8% per year. An appropriate required return for the stock is 6.8%. Using the different-stage growth model, the stock should be worth __________ today.

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