Fey Fashions expects the following dividend pattern over the next seven years: Year 1 $1.20 Year 2 $1.31 Year 3 $1.43 Year 4 $1.56 Year 5 $1.70 Year 6 $1.85 Year 7 $2.02 The company will then have a constant dividend of $2.30 forever. What is the stock's price today if an investor wants to earn a. 16%? b. 23%? a. What is the stock's price today if an investor wants to earn 16%? (Round to the nearest cent.)