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Robotic Atlanta Inc. just paid a dividend of $4.00 per share (that is, D0=4.00 ). The dividends of Robotic Atlanta are expected to grow at

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Robotic Atlanta Inc. just paid a dividend of $4.00 per share (that is, D0=4.00 ). The dividends of Robotic Atlanta are expected to grow at a rate of 20 percent next year (that is, g1=.20 ) and at a rate of 10 percent the following year (that is, g2=.10 ). Thereafter (i.e., from year 3 to infinity) the growth rate in dividends is expected to be 5 percent per year. Assuming the required rate of return on Robotic Atlanta stock is 18 percent, compute the current price of the stock. (Round your answer to 2 decimal places and record your answer without dollar sign or commas)

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