Investors require a 18% rate of return on Levine Company's stock (i.e., rs = 18%).

What is its value if the previous dividend was D0 = $1.25 and investors expect dividends to grow at a constant annual rate of (1) -3%, (2) 0%, (3) 4%, or (4) 13%? Do not round intermediate calculations. Round your answers to two decimal places.