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please show work neatly 6. The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stocks. The dividends are expected to

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please show work neatly

6. The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stocks. The dividends are expected to grow at a constant rate of 4% per year indefinitely. If investors require a return of 10.5% on the company's stocks, what is the current price? What will be price be in three years? [ 10 pts]

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