Four years ago, Bling Diamond, Inc., paid a dividend of $$2\mathrm{.}85$ per share. The company

paid a dividend of $$3\mathrm{.}27$ per share yesterday. Dividends will grow over the next five

years at the same rate they grew over the last four years. Thereafter, dividends will grow

at $4$ percent per year.

What will the company's cash dividend be in seven years? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Dividend