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A stock is expected to pay a dividend of $1.00 per share next year (D). Further, dividends are growing, and are expected to increase by

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A stock is expected to pay a dividend of $1.00 per share next year (D). Further, dividends are growing, and are expected to increase by $1.00 each year up to (and including) year 50 (i.e. D2 = $2.00; D2 - $3.00,..., D48 - $48.00, D49 - $49.00, and D50 - $50.00). After the dividend at year 50 is paid, the firm will shut down, offering no further dividends. If investors require a return of 16.20 percent, what should the price of this stock be today? Answer in "XX.XX" format, with no additional punctuation. For example, if your answer is $45.45. enter "45.45". Note that Canvas may add commas, etc

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