Caldwell Tech. is experiencing cash flow issues. Analysts believe the company will pay a dividend every other year for the next five years. The first dividend payment of \$2/share will occur one year from today. Each subsequent dividend paid over this time five year period will be 20% greater than previous dividend paid. After five years, Caldwell's dividend is expected to grow at a constant 4% rate, indefinitely. Investors require a 10% rate of return. Find the value of Caldwell's stock today. Round intermediate steps to four decimals. 40.05 43.47 115.32 36.41