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EEE Inc. follows a dividend policy that raises dividends annually at a rate of 3% (and expects this rate to go forever). The company just

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EEE Inc. follows a dividend policy that raises dividends annually at a rate of 3% (and expects this rate to go forever). The company just paid an annual dividend of $1.63. The required rate of return is 15%. What is today's stock price? Show your answer to the nearest 2 decimals. Do not use the $ sign in your answer. For example, if the answer is $3.237 enter your answer as 3.24 Do not enter it as $3.237, $3.2, 3.2, or 3.237

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