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Buffalo Clothiers Ltd ' s current dividend is $ 2 . 9 0 . Dividends are expected to grow by 8 percent for years 1

Buffalo Clothiers Ltd's current dividend is $2.90. Dividends are expected to grow by 8 percent for years 1 to 3,6 percent for years 4 to 7, and 2 percent thereafter. The required rate of return on the stock is 11 percent. What is the current stock price for Buffalo? (Round intermediate calculations to 4 decimal places, e.g.45.1771 and final answer to 2 decimal places, e.g.45.17.)
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