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Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.20 next year. The growth rate in dividends for all three companies

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Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.20 next year. The growth rate in dividends for all three companies is 5 percent. The required return for each company's stock is 8 percent, 11 percent, and 14 percent, respectively. What is the stock price for each company? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Red, Inc. Yellow Corp. Blue Company 160.00 64.00 40.00 X

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