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ABC Inc will pay a dividend of $9.4, $6.6, $7.7, and $4.2 for years 1, 2, 3, and 4, respectively. Thereafter, the dividend will grow
ABC Inc will pay a dividend of $9.4, $6.6, $7.7, and $4.2 for years 1, 2, 3, and 4, respectively. Thereafter, the dividend will grow at 2.4% per year forever. If the annual required rate of return for the stock is 7.7%, what is it's current price? Round your answer to the nearest whole dollar, and leave out the "$" sign.
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