A stock is expected to pay the following dividends: $1.6 in 4 years, $2.1 in 5 years, and $3.3 in 6 years, followed by growth in the dividend of 5% per year forever after that point. There will be no dividends prior to year 4. The stock's required return is 11%. The stock's current price should be $_______ * DO NOT ROUND INTERMEDIATE VALIJES, NO CREDIT WILL BE GIVEN * FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES A stock is expected to pay the following dividends: $1.1 in 1 year, $2.4 in 2 years, and $3.5 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 11%. The stock's turrent price should be $ * DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN * FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES