Nonconstant Growth Valuation A company currently pays a dividend of $1.4 per sharn ( Da=51.4). It is estimated that the company's dividend will grow at a rate of 23% ber year for the next 2 years, and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.5 , the risk.free rate is 7.5%, and the market risk premium is 4.5%. What is your estimate of the stock' current price? Do not round intermediate calculations. Round your answer to the hearest cent