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KDP's most recent dividend was $2 per share. The dividend is expected to grow at a rate of 7% per year for the foreseeable future.

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KDP's most recent dividend was $2 per share. The dividend is expected to grow at a rate of 7% per year for the foreseeable future. If the market return is 10% on investments with comparable risk how muchshould you pay the most for the stock? Round to the nearest cent. Do not include the dollar sign in your answer. (i.e. If your answer were $1.23, then type 1.23 without a $ sign

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