Problem 8-1 Stock Values [LO1] 22 9 points eBook The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.70 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 15 percent on the company's stock, What is the current stock price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Current price What will the stock price be in three years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price What will the stock price be in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Stock price Dance