8 Coffin Dance Undertakers is growing rapidly. Dividends are expected to grow at 26 percent per year during the next three years, 16 percent over the following year, and then 4 percent per year indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $64 per share. What is the projected dividend for the coming year? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) 8 003456 Projected dividend