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Rahm Company is growing quickly. Dividends are expected to grow at a rate of 2 0 percent for the next three years, with the growth

Rahm Company is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth
rate falling off to a constant 5 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $1.00,
what is the current share price?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Current share price
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