Fey fashions expects the following dividend pattern over the next 7 yrs.
Yr1-$1.00
Yr2-$1.10
Yr3-$1.21
Yr4-$1.33
Yr5-$1.46
Yr6-$1.61
Yr7-$1.77
The company will have a constant dividend of $2.00 forever. What is the stock’s price today of an investor wants to earn 21%?