#$1)$ The Extreme Reaches Corp. last paid a $$1\mathrm{.}50$ per share annual dividend. The company is planning on paying $$3\mathrm{.}00,$ $$5\mathrm{.}00,$ $$7\mathrm{.}50,$ and $$10\mathrm{.}00$ a share over the next four years, respectively. After that the dividend will be a constant $$2\mathrm{.}50$ per share per year. What is the market price of this stock today if the market rate of return is $15\%?$ ANS: $26\mathrm{.}57$

ANSWER THIS: Continue from #$1.$ What is the market price of this stock in one year?

Round your answer to two decimal places.

Answer $=\_\_\_\_$