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Currently, Aerosmith Inc. pays no dividends. However, analysts forecast that in 5 years Aerosmith Inc. will pay its first annual dividend of $2.2 and

Currently, Aerosmith Inc. pays no dividends. However, analysts forecast that in 5 years Aerosmith Inc. will pay its first annual dividend of $2.2 and dividends will grow at 5.5% per year thereafter. If stocks with similar risk to the equity of Aerosmith Inc. currently earn 12.2 %, estimate the current share price of Aerosmith Inc. Enter your answer below rounded to 2 DECIMAL PLACES, Number

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