8. Problem 7-09 (Nonconstant Dividend Growth Valuation) Nonconstant Dividend Growth Valuation A company currently pays a dividend of $4 per share (D0$4). It is estimated that the company's dividend will orow at a rate of 15% per year for the next 2 Years, and then at a constant rate of 5% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 8%, and the nuaket risk premium is s4. What is your estimate of the stock's current price? Do not round intermediate calculations, found your answer to the nearest cent