Problem:
Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.40, $17.40, $22.40, and $4.20. Afterwards, the company pledges to maintain a constant 6.00 percent growth rate in dividends, forever.
Required:
Question: If the required return on the stock is 10 percent, what is the current share price?
Note: Please provide through step by step calculations.