d) A share just paid a dividend of $2.40 yesterday. Dividends will be paid each year and remain unchanged until the end of year 10. After that, the annual dividend is expected to grow at a constant growth rate of 2.5% p.a. for the foreseeable future. Calculate the share price today if the rate of return is 10% p.a. effective. Round your answer to the nearest cent. (4 marks)