Basically, this equation calcutates the present value of dividends received during the nonconstant growth period and the present value of the stocky horizon value, which is the value at the horizon date of all dividends expected thereafter: Quantitattve Problem 3: Assume today is December 31, 2019, Imagine Works Inc fust paid a dividend of $1,10 per share at the end of 2019. The dividend is oxpected to grow at 12% per year for 3 years, after which dime it is expected to grow at a constant rate of 5.5% annually, The company's cost of equity (rs) is 9\%. Using the dividend growth model (allowing for nonconstant growth), What should be the price of the company's stock today (December 31,2019) ? Do not round intermediate calculations, Round your aniswer to the nearesticent: \$ per share