Jack vests in a stock that will pay di as of $3.07 at the end of the first year; $3.44 at the end of the second year; and $3.81 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 $57. Dividend Present Value $3.07 3.44 3.81 57.00 Total What is the present value of all future benefits if a discount rate of 14 percent is applied? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round