Nonconstant Growth Valuation A company currently pays a dividend of $2.5 per share (Do = $2.5). It is estimated that the company's dividend will grow at a rate of 15% per year for the next 2 years, and then at a constant rate of 5% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 5.5%, and the market risk premium is 5%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent. Horizon Value of Free Cash Flows Current and projected free cash flows for Radell Global Operations are shown below. Actual 2016 Free cash flow (millions of dollars) $606.82 2017 $667.50 Projected 2018 $707.55 2019 $750.00 Growth is expected to be constant after 2018, and the weighted average cost of capital is 10%. What is the horizon (continuing) value at 2019 if growth from 2018 remains constant? Round your answer to the nearest dollar. Do not round intermediate calculations