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Happy Inc. is expected to pay the following dividends over the next four years: $ 0.50, $ 1.69, $4.00, $ 5.11. Afterwards, the company pledges

Happy Inc. is expected to pay the following dividends over the next four years: $ 0.50, $ 1.69, $4.00, $ 5.11. Afterwards, the company pledges to maintain a constant 3.7 percent growth rate in dividends, forever. If the required rate of return on the stock is 10.7 percent, what is the current share price?

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