Church Inc is presently enjoying relatively high growth because of a surge in the demand for its new product Management expects earnings and dividends to grow at a rate of 17% for the next 4 years after which competition will probably reduce the growth rate in earnings and dividends to zero, ie, g = 0. The company's last dividend, Do was $1.25. its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock? Do not round intermediate calculations. 525.32 52304 $2281 $19.89 $20.99