a company currently pays a dividend of $1.25 per share. it is estimated that the companys dividend will grow at a rate of 23%

A company currently pays a dividend of $1.25 per share (Do- $1.25). It is estimated that the company's dividend will grow at a rate of 23% per year for the next 2 years, and then at aconstant rate of 8% thereafter. The company's stock has a beta of 2, the risk-free rate is 5.5% , and the market risk premium is 4 %. What is your estimate of the stock's current orice? Do not round intermediate calculations. Round your answer to the nearest cent