(Estimated time allowance: 4 minutes) Tintak Corp. Just paid an annual dividend of \$8. The company follows a dividend policy that raises dividends annually at a rate of 3% (and expects this rate to go forever). The required rate of return is 14%. 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 Your Answer: Answer Page 9 of 15