Data for all Dixon Corp. problems are the same . Dixon Corp. just paid out a dividend of $4.50 per share of common stock. Analysts expect the dividend to grow by 17% over the coming three years, and...

Data for all Dixon Corp. problems are the same. Dixon Corp. just paid out a dividend of $4.50 per share of common stock.  Analysts expect the dividend to grow by 17% over the coming three years, and then grow steadily at 5% for the foreseeable future after that.  Investors require a return of 8% on this stock.The discounted value at the end of year 3 of all dividends to come after year 3 equals: