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14. Sholve Corp currently offers annual dividends of $4.44, is expected to offer $3.96 per share in dividends over the next year, and $4.55 per

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14. Sholve Corp currently offers annual dividends of $4.44, is expected to offer $3.96 per share in dividends over the next year, and $4.55 per share in dividends the year after that. At the end of the second year the stock is expected to sell for $15.66 per share. If required rate of return is 12%, how much are you willing to pay for the stock today? Round to two decimal places

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