Present value of the dividends

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Piscain Pay Inc. expects to pay a dividend of $410,000 at the end of the year and projects a growth in dividends of 6.46 percent per year. If k is 14.75 percent and it expects to grow for another five years, what is the present value of the dividends?

A) 1791509.76 (This answer is incorrect)

B) 1791529.76

C)1791549.76

D)1791569.76

E) None of the Above (This answer is incorrect)

Reference no: EM13969807

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