Question 8 of 8 -/1 View Policies Current Attempt in Progress Management of Sunland, a biotech firm, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. Management then expects the company to grow at a constant rate of 9 percent forever. The company paid a dividend of $1.70 last week. If the required rate of return is 16 percent, what is the value of this stock? (Round intermediate calculations and final answer to 2 decimal places, eg. 15.20.) Value of stock $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit