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Pepper is a mature company approaching relative decline No dividends will be paid on the...

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Finance

Pepper is a mature company approaching relative decline
No dividends will be paid on the stock over the next four
years because the firm needs to plowback its earnings to
allow for restructuring. The company will pay a $1.25 per
share dividend in 5 years and will increase the dividend by
4% per year for 5 years. Starting year 11 investors receive
a flat Dividend of $4.5. Investors require a return of 7%.
(Please retain at least 4 decimal places in your calculations
and at least 2 decimal places in the final answer)

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