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PLEASE HELP ASAP!!!! I WILL RATE 100% 3. Warren Corporation will pay a $3.50 per share dividend next year (i.e., D.=$3.50). The company pledges to

PLEASE HELP ASAP!!!! I WILL RATE 100%
3. Warren Corporation will pay a $3.50 per share dividend next year (i.e., D.=$3.50). The company pledges to increase its dividend by 3.5 percent per year, indefinitely.The risk-free rate is 3 percent and the return on the market is 9 percent. If the company's beta is 1.1, what is the price of the stock today? (Hint: the first step is to determine the required rate of return on the company's stock.)

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