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PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 14 percent over the

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PerfectlySoft Corp. is experiencing rapid growth. Dividends are expected to grow at 28 percent per year during the next three years, 14 percent over the following year, and then 2 percent per year thereafter indefinitely. The required return on this stock is 10.43 percent, and the stock currently sells for $74.22 per share. What is the projected dividend (in $) for the coming year? Answer to two decimals, carry intermediate calcs. to four decimals

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