Patience, Inc., just paid a dividend of $3.05 per share on its stock. The dividends are expected to grow at a constant rate of 5.50 percent per year, indefinitely. Assume investors require an 10 percent return on this stock.

Requirement 1: What is the current price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).) Current price $

Requirement 2: What will the price be in five years and in fourteen years? (Do not include the dollar signs ($). Round your answers to 2 decimal places (e.g., 32.16).)