84. An analyst gathers the following data about a company with a double-digit growth
rate that is expected to continue for three more years:
Current year’s dividend per share €2.00
Growth rate in dividend during the next three years 30% in each of the years 1 and 2;
20% in year 3
Growth rate in dividend for year 4 and beyond 8%
Weighted average cost of capital 12%
Cost of equity capital 15%
The best estimate of the company’s value per share is closest to:
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