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A stock is expected to pay the following dividends: $1 four years from now, $1.5 five years from now, and $2.1 six years from now,

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A stock is expected to pay the following dividends: $1 four years from now, $1.5 five years from now, and $2.1 six years from now, followed by growth in the dividend of 7% per year forever after that point. There will be no dividends prior to year 4. The stock's required return is 14%. The stock's current price (Price at year O) should be $ Do not round any intermediate work, but round your final answer to 2 decimal places (ex: 12.34567 should be entered as 12.35). Margin of error for correct responses: +/-.10

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