A company just paid a dividend of $2.75 per share. The company plans to increase its dividend by 18% next year and then reduce its dividend growth rate by 7% per year until it reaches the industry average of 4% dividend growth, after which it is expected the company will maintain a constant growth rate forever. The stock has a required return of 11%. What dividend amount is this company's stock expected to pay 3 years from now?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.