Problem 10-30 Common stock volue under different market conditions [LO10-5] Maxwell Communications paid a dividend of $0.45 last year. Over the next 12 months, the dividend is expected to grow at 13 percent, which is the constant growh rate for the firm (g). The new dividend atter 12 months will represent D1. The required rate of retum ( ke ) is 18 percent. Compute the price of the stock (Pa). (Do not round intermediate colculations. Round your answer to 2 decimal places.)