4. Stripe, an online payment processing platform, is experiencing rapid growth. The company expects dividends to…

4. Stripe, an online payment processing platform, is
experiencing rapid growth. The company expects dividends to grow at
35% per year for the next 3 years before leveling off at 10%
forever. The required return on the company’s stock is 15%. If the
dividend per share just paid was $3.25, what is the stock
price?