Current Attempt in Progress

Crane Corporation will pay dividends of $$2\mathrm{.}60,$$$2\mathrm{.}90,$ and $$3\mathrm{.}15$ in the next three years. After three years, the dividends are expecter

to grow at a constant rate of $6$ percent per year. If the required rate of return is $13\mathrm{.}0$ percent, what is the current value of the Crane

common stock? $($Round intermediate calculations and final answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Current value of the common stock $