Hughes Co$.$ is growing quickly. Dividends are expected to grow at a $25$ percent rate for the next three years, with the growth rate

falling off to a constant $6$ percent thereafter. If the required return is $11$ percent and the company just paid a $$1\mathrm{.}15$ dividend, what is the

current share price? $($Do not round intermediate calculations and round the final answer to $2$ decimal places. Omit $ sign in your

response.$)$

Current share price

$