Stacker Weight Loss currently pays an annual year-end dividend of $1.80 per share. It plans to increase this dividend by 4.0% next year and maintain it at the new level for the foreseeable future. If the required return on this firm's stock is 9%, what is the value of Stacker's stock? The value of Stacker's stock is $ ... (Round to the nearest cent.)

Stacker Weight Loss currently pays an annual year-end dividend of $1.80 per share. It plans to increase this dividend by 4.0% next year and maintain it at the new level for the foreseeable future. If the required return on this firm's stock is 9%, what is the value of Stacker's stock? The value of Stacker's stock is \$ (Round to the nearest cent.)