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McCabe Corporation is expected to pay the following dividends over the next four years: $ 6 . 5 0 , $ 1 7 . 5

McCabe Corporation is expected to pay the following dividends over the next four years: $6.50, $17.50, $22.50, and $4.30. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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