Current Attempt in Progress

Management of Wildhorse, a biotech firm, forecasted the following growth rates for the next three years: $35$ percent, $28$ percent, and

$22$ percent. Management then expects the company to grow at a constant rate of $9$ percent forever. The company paid a dividend of

$$2\mathrm{.}13$ last week. If the required rate of return is $18$ percent, what is the value of this stock? $($Round intermediate calculations and final

answer to $2$ decimal places, e$.$g$.15\mathrm{.}20.)$

Value of stock $