Barrington corporation has been very profitable over recent years. The company is planning on increasing its annual dividend by 10% a year for the next 3 years, and then decreasing the growth rate to a constant 4% per year thereafter. The company just paid its annual dividend $3.00 per share. Assume the company's beta is .8, the risk-free rate is 3% and the expected market return is 13%. What is the current stock price? Answer to the nearest cent. Your Answer: Answer Add attachments to support your work Page 3 of 24