The Bravo Co Ltd has 3,000,000 common share outstanding. The company paid dividends of $1,500,000 on common stock this year. Dividends are expected to grow at a rate of 5% per year and the required...

The Bravo Co Ltd has 3,000,000 common share outstanding. The company paid dividends of $1,500,000 on common stock this year. Dividends are expected to grow at a rate of 5% per year and the required rate of return on common stock is 8%. What is the value of a share of Beta Company's common stock?