11 5 points eBook 100 Hint Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 6.5 percent, thereafter. If the required return is 13 percent and the company just paid a dividend of $3.00, what is the current share price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Share price

Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 6.5 percent, thereafter. If the required return is 13 percent and the company just paid a dividend of $3.00, what is the curtent share price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16