A stock will pay dividends of $1.5 four years from today, $2.4 five years from today, and $3.2 six years from today. There will be no dividend payments prior to year 4. After year 6, the growth rate in dividends per year is expected to be 6% forever. The required return on the stock is 11%. P4, the price of the stock 4 years from now, should be $_____ * DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN * FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES A stock will pay dividends of $1.4 starting in YR4. The dividends for YR5, YR6, and YR7 will grow by 25%, 20%, and 12%. Finally, the dividends will grow at a constant rate of 6% forever. The required return on the stock is 11%. P3, the price of the stock 3 years from now, should be $_____ * DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES