Question $2$

$1$ pts

Apocalyptica Corp. pays a constant $$7\mathrm{.}82$ dividend on its stock. The company will maintain this dividend for the next $12$ years and will then cease paying dividends forever. If the required return on this stock is $14$ percent, what is the current share price? Answer with $2$ decimals $($e$.$g$.45\mathrm{.}45).$