Jack Hammer invests in a stock that will pay dividends of $3.08 at the end of the first year, $3.42 at the end of the second year, and $3.78 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $56. What is the present value of all future benefits if a discount rate of 13 percent is appled? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Dividend Present Value 3.06 3.42 3.78 56.00 Total 0.00