Problem 8-27 Value of Future Cash Flows (LG8-5) A firm recently paid a $0.40 annual divid fourth year, the stock price is expected to be $18. end. The dividend is expected to increase by 10 percent in each of the next four years, In the If the required return for this stock is 13.5 percent, what is its current value? (Do not round intermediate calcu Round your answer to 2 decimal places.)