Gilmore, Inc., just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume investors require a return of 12 percent on this stock.

What is the current price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current price$

What will the price be in four years and in sixteen years?