Problem 9.10 Sandhill Corp. paid a dividend of $2.24 yesterday. The company's dividend is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Sandhill require a rate of return of 17 percent, what should be the market price of Sandhill stock? (Round dividend to 3 decimal places, e.g. 3.756 and round final answer to 2 decimal places, e.g. 15.25.) s erea56 and round final answer ta r to 2 decimal place, eg. 1 Market price