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Coal Corp. recently paid a dividend of $3. This dividend is expected to growth by 8% next year and 7% the following year. After that,

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Coal Corp. recently paid a dividend of $3. This dividend is expected to growth by 8% next year and 7% the following year. After that, the dividend is expected to grow at a constant rate of 5%. What is today's value of one share of stock, assuming an investor's required rate of return is 15%? (Round the dividends to the nearest penny, but the final answer to the nearest dollar) O 523 $33 538 $36

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