Current Attempt in Progress Sandhill Corporation will pay dividends of $2.45, $2.95, and $3.25 in the next three years. After three years, the dividends are expected to grow at a constant rate of 4 percent per year. If the required rate of return is 12.0 percent, what is the current value of the Sandhill common stock? (Round Intermediate calculations and final answer to 2 decimal places, e.g. 52.75.) Current value of the common stock

Sandhill Corporation will pay dividends of $2.45,$2.95, and $3.25 in the negt three years. After three years, the dividends are expected to grow at a constant rate of 4 percent per year. If the required rate of return is 12.0 percent, what is the current value of th Sandhill common stock? (Round intermedlate calculations and final answer to 2 decimal ploces, es. 52.75.) Current value of the common stock