Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1 per share (D0=31). It is estimated that the company's dividend will grow at a rate of 244 s per vear for the next 2 years and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.8, the risk-free rate is 6.5%, and the market risk premism is 3.5\%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent. 5