Nonconstant Dividend Growth Valuation A company currently pays a dividend of $2 per share (D0=$2). It is estimated that the company's dividend will grow at a rate of 22% per year for the next 2 years and then at a constant rate of 8% thereafter. The company's stock has a beta of 1.6 , the risk-free rate is 10%, and the market nsk premium is 6%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent