Damon Enterprises' stock is currently selling for $25.00 per share. The stock's dividend is projected to increase at a constant rate of 7% per year. The required rate of return on the stock, rs, is 10%. What is Damon's expected price 4 years from today?

To find Damon Enterprises' expected price 4 years from today, we can use the Dividend Discount Model (DDM) formula. The DDM calculates the present value of all expected future dividends and the expected price of the stock.

The formula for the DDM is:
Expected Price = Dividend / (required rate of return - dividend growth rate)

In this case, the dividend growth rate is given as 7% per year, and the required rate of return is 10%. However, to calculate the future price 4 years from today, we need to find the future dividend at that point.

To find the future dividend, we can use the formula for the future dividend at year t:
Future Dividend (Dt) = Dividend (D0) * (1 + growth rate)^t

Where:
- Dividend (D0) is the current dividend per share
- Growth rate is the constant rate at which the dividend is expected to increase per year
- t is the number of years in the future

In this case, the current dividend is not given in the question. Without this information, we cannot calculate the future dividend or the expected price 4 years from today accurately.