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Sad Earnings per common share of ABC Industries for the current year are expected to be $2.7 and to grow 12% per year over the

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Sad Earnings per common share of ABC Industries for the current year are expected to be $2.7 and to grow 12% per year over the next 4 years. At the end of the 5 years, earnings growth rate is expected to fall to 6.5% and continue at that rate for the foreseeable future. ABC's dividend payout ratio is 40% of the expected return on ABC's common shares is 14%, calculate the current share price. (Do not round Intermediate calculations, Round your answer to the nearest cent.) Current care prin >

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