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I would like to check and make sure I got it correct. if not, what is the correct answer? Stacker Weight Loss currently pays an

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I would like to check and make sure I got it correct. if not, what is the correct answer?

Stacker Weight Loss currently pays an annual year-end dividend of $1.20 per share. It plans to increase this dividend by 2.5% next year and maintain it at the new level for the foreseeable future. If the required return on this firm's stock is 15%, what is the value of Stacker's stock? The value of Stacker's stock is $ 9.80 (Round to the nearest cent.) ho Enter your answer in the answer box

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