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Question 1 1 pts The Jackson-Timberlake Wardrobe Co. just paid a dividend of $4.16 per share on its stock. The dividends are expected to grow

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Question 1 1 pts The Jackson-Timberlake Wardrobe Co. just paid a dividend of $4.16 per share on its stock. The dividends are expected to grow at a constant rate of 3.59 percent per year indefinitely. Investors require a return of 10.25 percent on the company's stock. What will the stock price be in three years? Omit the $ dollar sign and commas. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)

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