15 You've collected the following information from your favorite financial website. 52-Week Price 10 HI 7740 points Close Price 13.90 LO 10.43 33.42 Div PE Stock (Div) Yid % Ratio Palm Coal.36 2.6 6 Lake Lead Grp 3.8 10 1.54 SIR 2 30 2.6 10 DR Dime.80 5.2 6 Candy Galore 3215 28 55.81 130.99 50.24 35.00 eBook Net Chg - 24 -01 3.07 - 26 18 40.43 89.03 15.43 ?? 69.80 13.95 20.74 Print References According to your research, the growth rate in dividends for SIR for the next five years is expected to be 20.5 percent Suppose SIR meets this growth rate in dividends for the next five years and then the dividend growth rate fails to 55 percent indefinitely Assume investors require a retum of 12 percent on SIR stock According to the dividend growth model what should the stock price be today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16) Current stock price