Non-constant growth:Staggert Ltd will pay dividends of $5.00, $6.25, $4.75, and $3.00 for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of5.5percent. If the required rate of return is20.5percent, what is the current market price of the share?

(Round your intermediate calculations to 3 decimals places, i.e., $2.756, and your final answer to 2 decimal places, i.e., $14.75. )

P₀= $