Monconstant Dividend Growth Valuation f company currently pays a dividend of $1.6 per share (00$1.6). It is estimated that the company's dividend will grow at a fate of 19% per year foe the next 2 yrizs, and then at a constant rate of 5% thereafter. The company's stock has a beta of 1.1, the risk-free rate is 8% and the market risk premiunt in 4.3 ang. What is rour estimate of the stock's current phcn? Do not round intermediate colculations. Round vour answer to the nearest cent. \$i