Everest Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 30% for the next 2 years, 21.90% in year 3 and 4 and after which competition will probably reduce the growth rate in earnings and dividends to constant growth rate of 7.00%. The companys last dividend was $1.60, its beta is 1.75, the market risk premium is 9.55%, and the risk-free rate is 6.00%. What is the current price of the common stock? Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72. $23.89 $14.91 $20.83 $18.92 $19.11