Question 16 (1 point) Shully's Shoe Store has established an online presence during the pandemic and believes that its dividends will grow at 11% for the next three years then settle down to a constant 4%. The company will pay a $1.50 dividend at the end of the year. If the required return for this stock is 12% calculate the price of Shully's stock using the dividend discount model. $19.25 $24.03 $25.87 $21.08