Planned Obsolescence has a product that will be in vogue for six years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV$1=$ $$2,$ DIV$2=$ $$1\mathrm{.}25,$ and DIV$3=$ $$2,$DIV$4=$ $$2\mathrm{.}25,$DIV$5=$ $$4\mathrm{.}5,$DIV$6=$ $$4.$ What is the expected stock price in year $3$ if the discount rate is $6\mathrm{.}5\%?($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Stock price in year $3$ $

What is the price an investor is willing to spend on the stock if the investor plans to hold the stock for three years?

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