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EarlyOne Inc. is start-up company and therefore is not paying dividends for the next 7 years....

EarlyOne Inc. is start-up company and therefore is not paying dividends for the next 7 years. At the following year, EarlyOne will start paying an annual dividend of $9 per share per year until year 15. Thereafter, it will increase the dividends by 3% per year forever. If the required rate of return on this stock is 10%, what is the price of this stock today?

Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest cent. For example if you obtain $1,432.728 then enter 1,432.72;  if you obtain $432 then enter 432.00

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