Magnetic Corporation expects dividends to grow at a rate of 17% for the next two years. After two years dividends are expected to grow at a constant rate of 6.1%, indefinitely. Magnetics required rate of return is 11.2% and they paid a $1.65 dividend today. What is the value of Magnetic Corporations common stock per share? (Show your answers to the nearest cent)

Dividend at end of year 1:

Dividend at end of year 2:

Dividend at end of year 3:

Price of stock at end of year 2:

Price of stock today: