Common stock valueConstant growthUse theconstant-growth model(Gordon growthmodel) to find the value of the firm shown in the followingtable:(Click on the icon located on thetop-right corner of the data table below in order to copy its contents into aspreadsheet.)

Dividend expected next year

Dividend growth rate

Required return

$0.97

9.2%

11.5%

The value of thefirm's stock is $

nothing

. (Round to the nearestcent.)