a change in competition in Karma Sisters' market is going to have an impact on the growth in the firm's dividends. A current dividend of $1.66 was paid yesterday by Karma Sisters', and this dividend is expected to increase by 12% in the first year. Dividends are expected to increase by 9% in the second year. After that point, the growth in dividends is expected to return to the firm's long-run constant growth of 4.2%. Assume investors in Karma Sisters' stockholders require a rate of return of 9.0% Calculate the current price of Karma Sisters stock. Enter your answer to the nearest .01.