32.Robotic atlanta inc just paid a dividend of $4.00 per share....

Robotic Atlanta Inc. just paid a dividend of $43!] per share (that is, DD = 4.0m. The diyidends of Robotic Atlanta are expected to grow at a rate of 2D percent next year (that is, g1 = .20} and at a rate of in percent the following year {that is, g2 = .10}. Thereafter [i.e., from year 3 to innity} the growth rate in dividends is expected to be 5 percent per year. Assuming the required rate of return on Robotic Atlanta stock is 1? peroent, compute the current price of the stock. {Round your answer to 2 decimal places and record your answer without dollar sign or commas}