Common stock$$ value: Constant growth$$Seagate Technology is a global leader in data storage solutions and a consistent dividend payer. From $2018$ through $2022,$ Seagate paid the following$$ per$-$share dividends:

Year

Dividend per share

$2022$

$$$$2\mathrm{.}49$

$2021$

$2\mathrm{.}25$

$2020$

$1\mathrm{.}85$

$2019$

$1\mathrm{.}19$

$2018$

$1\mathrm{.}51$

Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a $22\%$ required rate of return to find the value of$$ Seagate's stock immediately after it paid its $2022$ dividend of $$$$2\mathrm{.}49.$

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Part $1$

The value of$$ Seagate's stock is $$$

$$

$32\mathrm{.}49.($Round to the nearest$$ ce