Lawrence comp paid $2.00 per share in common stock dividends last year. The company will allow...

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Lawrence comp paid $2.00 per share in common stock dividendslast year. The company will allow its dividend to grow at 8 percentfor 7 years, and after that the rate of growth will be 6 percentforever. What is the value of the stock if the required rate ofreturn is 10 percent?
the Lawrence company is subject to capital rationing and has acapital budget of $2,000,000; the firm's cost of capital is 16percent.
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Value of stock present value of dividends upto 7 years present value of terminal value at end See Answer

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Lawrence comp paid $2.00 per share in common stock dividendslast year. The company will allow its dividend to grow at 8 percentfor 7 years, and after that the rate of growth will be 6 percentforever. What is the value of the stock if the required rate ofreturn is 10 percent?the Lawrence company is subject to capital rationing and has acapital budget of $2,000,000; the firm's cost of capital is 16percent.USE EXCEL FORMULAS SO I CAN SEE THE INPUTS PLEASE AND SHOW THEWORK I WANT TO LEARN IT!