Golden Corp. is a young start$-$up company and therefore is not paying any dividends

on the stock over the next $5$ years. However, the following year, the company will

start paying a dividend of $$17$ per share $($at the end of the year following year $5)$ and

thereafter it will increase the dividends by $3\%$ per year forever. If the required rate of

return on this stock is $11\%,$ what is the current $($today$\text{'}$s$)$ share price?

Do not use the $ sign. Do not use commas to separate thousands. Use two decimals. Round to the

nearest cent. For example if you obtain $$1,432\mathrm{.}728$ then enter $1432\mathrm{.}72$ ; if you obtain $$432$ then

enter $432\mathrm{.}00$

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