$17)$ Synovec Company is growing quickly. Dlvidends are expected to grow at a rate of $24$ percent for the next $3$ years, with the growth rate falling off to a constant $3$ percent thereafter:

If the required return is $11$ percent and the company just paid a $$1\mathrm{.}10$ dividend. what is the current share price?

Multiple Choice:

$$23\mathrm{.}40$

$$24\mathrm{.}36$

$$23\mathrm{.}88$

$$21\mathrm{.}92$

$$22\mathrm{.}35$