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Need assistance You've collected the following information from your favorite financial website. 52-Week Price PE Ratio 10 10 28 Close Price 13.90 -0.24 40.43 -0.01

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You've collected the following information from your favorite financial website. 52-Week Price PE Ratio 10 10 28 Close Price 13.90 -0.24 40.43 -0.01 89.15 15.43 0.26 Net Chg Div YId % 2.6 3.8 3.3 5.2 1.5 Stock (Div) Lo 10.43 Palm Coal 0.36 33.42 1.54 77.40 Lake Lead Grp 55.81 131.11 50.24 35.00 3.07 70.40 13.95 20.74 SIR 2.90 DR Dime 0.80 Candy Galore 0.32 0.18 According to your research, the growth rate in dividends for SIR for the next five years is expected to be 20.5 percent. Suppose SIR meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5.5 percent indefinitely. Assume investors require a return of 14 percent on SIR stock. Requirement 1: According to the dividend growth model, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price

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