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Nifty Dashboards just paid a dividend of D 0 = $ 1 . 2 8 . Analysts expect the company's dividend to grow by 2

Nifty Dashboards just paid a dividend of D0=$1.28. Analysts expect the company's dividend to grow by 28.0% this year, by 9.5% in Year 2, and at a constant rate of 4.0% in Year 3 and thereafter. The required return on this low-risk stock is 9.92%. What is the best estimate of the stock's current market value? Note: Do not round intermediate calculations.
$30.24
$31.51
$30.43
$29.06
$26.77
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