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A share of stock pays a constantly growing (end-of-the-year) dividend. If the stock sells for $56.70/share today, the dividend to be paid in exactly one

A share of stock pays a constantly growing (end-of-the-year) dividend.

If the stock sells for $56.70/share today, the dividend to be paid in exactly one year (at t=1) is $2.06, and the total return required by investors (in the stock) is 13.64%, at what price should each share sell in exactly 4 years (at t=4)?

(Answer to the nearest $0.01)

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