Nonconstant Dlvidend Growth Valuation A compeny currently pays a dividend of $3 per share ( D0=$3 ). It is estimated that the company's dividend will grow at a rate of 17% per year 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 riskefree rate is 6.5%, and the market riek premium is 1.5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent