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Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $8.70 per share and has announced that it will

Hot Wings, Inc., has an odd dividend policy. The company has just paid a dividend of $8.70 per share and has announced that it will increase the dividend by $6.70 per share for each of the next four years, and then never pay another dividend. Required: If you require a 13.00 percent return on the companys stock, how much will you pay for a share today? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.)

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