CEPS Group announced today that it will begin paying annual dividends next year. The first dividend will be OMR 0.25 a share. The following dividends will be OMR 0.27, OMR 0.34, OMR 0.45, and OMR 0.52...

CEPS Group announced today that it will begin paying annual dividends next year. The first

dividend will be OMR 0.25 a share. The following dividends will be OMR 0.27, OMR 0.34,

OMR 0.45, and OMR 0.52 a share annually for the following 4 years, respectively. After that,

dividends are projected to increase by 3 percent per year. How much are you willing to pay to

buy one share of this stock today if your desired rate of return is 7.5 percent?