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Chamberlain Corporation is expected to pay the following dividends over the next four years: $ 1 2 . 6 0 , $ 8 . 6

Chamberlain Corporation is expected to pay the following dividends over the next four years: $12.60,$8.60,$7.60, and $3.10.
Afterward, the company pledges to maintain a constant 4% growth rate in dividends forever. If the required return on the stock is 12%,
what is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in
your response.)
Current share price $
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