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Disncy Co. will pay a dividend of $28.00. which will increase by 6 percent each year over the following three years and then grow at

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Disncy Co. will pay a dividend of $28.00. which will increase by 6 percent each year over the following three years and then grow at an annua rate of 4 percent forever. You expect a 12 percent return on your invested capital. What price would you pay for a share in this company? (Do not round "PV foctor" and other intermediote calculotions. Round the final answer to 2 decimal places. Omit $ sign in your response.) Pice

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