Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1 per share (D0=$1). It is estimated that the company's dividend will grow at free rate is 7.5%, and the market risk premium is 2.5%. What is your estimate of the stock's current price? Do not roun company's dividend will grow at a rate of 23% per year for the next 2 years and then at a congtant rate of 8% thercifter, The company's stock has a beta of 1.8, the rish ock's current price? Do not round intermediate calculations. Round your answer to the nearest cent