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Navel County Choppers Inc is experiencing rapid growth The company expects dividends to grow at 20 percent per year for the next 9 years before

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Navel County Choppers Inc is experiencing rapid growth The company expects dividends to grow at 20 percent per year for the next 9 years before leveling off at 5 percent into perpetuity The required return on the company's stock is 13 percent If the dividend per share just paid was dollar1 74, what is the stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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