Problem 9-11 Valuation of a constant growth stock

A stock is expected to pay a dividend of $1.75 at the end of the year (i.e., D1 = $1.75), and it should continue to grow at a constant rate of 10% a year. If its required return is 15%, what is the stock's expected price 4 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.

$