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Sholve Corp. currently offers annual dividends of $ 2 . 3 2 , is expected to offer $ 3 . 5 8 per share in

Sholve Corp. currently offers annual dividends of $2.32, is expected to offer $3.58 per share in dividends over the next year, and $3.58 per share in dividends the year after that. At the end of the second year, the stock is expected to sell for $54.93 per share. If your required rate of return is 17%, how much are you willing to pay for the stock today? Round to two decimal places (Ex. $0.00).(Hint: are dividends growing constantly?)
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