FORMULA PROVIDED!!!!! (please use the formula in fhe screenshot

Pharsalus Inc. just paid a dividend (i.e., D0) of \$ 1.52 per share. This dividend is expected to grow at a rate of 5.5 percent per year forever. The appropriate discount rate for Pharsalus's stock is 13.2 percent. What is the price of the stock? (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your Answer: Answer (D0(1+g))/(ksg). The most common mistake is to fail to grow the initial dividend