Find the current price of CSX cargos stock if CSX is expected to pay a constant $1.1 dividend each quarter for the next 7 years the next dividend payment will occur in exactly one quarter from today. In 7 years, analysts forecast an expected price on CSX of $59.96. The expected annualized return (not a holding period return) on CSX stock is 10.48%. (hint: draw the cashflows does this pattern look familiar?)

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)