P6-32. Differential Growth Janicek Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years; 18 percent over the following year; and then 8 percent per year, indefinitely. The required return on this stock is 11 percent, and the stock currently sells for $65 per share. What is the projected dividend for the coming year? (Do not round intermediate calculations and round the final answer to 2 decimal places. Omit $ sign in your response.) Projected dividend $