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Problem 7-28 Nonconstant Growth (LO2) Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close

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Problem 7-28 Nonconstant Growth (LO2) Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV1 = $12.00, DIV 2 = $12.50, and DIV 3 = $28.00. What is the stock price if the discount rate is 10%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price

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