Motor homes inc mhi is presently in a stage of abnormally, Financial Management

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Motor homes inc mhi is presently in a stage of abnormally

Motor Homes Inc. (MHI) is presently in a stage of abnormally high growth because of a surge in the demand for motor homes. The company expects earnings and dividends to grow at a rate or 20% for the next 4 years, after which time there will be no growth (g=0) in earnings and dividends. The company's last dividend was $1.50. MHI has a beta of 1.6, the return on the market is currently 12.75%, and the risk-free rate is 4%. What should be the current price per share of common stock?

A. $15.17

B. $17.28

C. $22.21

D. $19.10

E. $16.20

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