(Estimated time allowance: 56 minutes) You want to invest in a stock that pays $16 annual cash dividend for the next 8 years. At the end of the 8 years, you will sell the stock for $72. If you want to earn 13% on this investment, what is a fair price for this stock, today? 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