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A stock will pay no dividends for the next 3 years. Four years from now, the stock is expected to pay its first dividend in

A stock will pay no dividends for the next 3 years. Four years from now, the stock is expected to pay its first dividend in the amount of $2.1. It is expected to pay a dividend of $2.5 exactly five years from now. The dividend is expected to grow at a rate of 10% per year forever after that point. The required return on the stock is 16%. The stock's estimated price per share exactly TWO years from now, P2, should be $______.
Margin of error for correct responses: +/-.10
Rounding and Formatting instructions:
Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35).

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