Jon's catering is growing at a very fast rate. Asa a result the company expects to increase its dividend to $.45, $.95, $1.60, and $2.15 over the next four years. Respectively. After that the dividend is projected to increase by 6 percent annually. The last annual dividend the firm paid was $.30 a share. What is the current value of this stock if the required return is 17 percent?
