14.

Kelso Corporation just paid a dividend of D0=$0.85 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.70 , the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Your answer should be between 8.22 and 37.40 , rounded to 2 decimal places, with no special characters