Corporation Private Limited holds a stock market share which promises dividends of $8 per share for each of the next 5 years. The company’s financial advisor also tells it that the share will sell for...

Corporation Private Limited holds a stock market share which promises dividends of $8 per share for each of the next 5 years. The company’s financial advisor also tells it that the share will sell for $12.50 at the end of the fifth year. Calculate the value of the share now if your required rate of return (RRR) = 16% p.a.