1. Greshak Corp. forecasts its dividends to be $1.20 per share next year, $1.80 per share in two years, and $2.50 per share in three years. After the third year, dividends are anticipated to grow at a constant sustainable rate of 4.0% per year. If Greshak's cost of capital is 14.0% and its applicable rate is 40.0%, what is the estimated share price for the company's common equity? YOU MUST USE AT LEAST 4 DECIMIL PLACES IN ALL CALCULATIONS AND SHOW ALL WORK TO RECEIVE CREDIT.