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Momsen Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per...

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Accounting

Momsen Corp. is experiencing rapid growth. Dividends are expected to grow at 25 percent per year during the next three years, 15 percent over the following year, and then 6 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $79 per share. What is the projected dividend for the coming year?

DISCLAIMER: I have seen similar questions posted but I do not understand them, can you please try to explain it in the simplest way possible? Thank you, I am really confused.

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