Stock Values $[$LO$1]$ The Jackson$-$Timberlake Wardrobe Co$.$ just paid a dividend

of $$1\mathrm{.}45$ per share on its stock. The dividends are expected to grow at a constant

rate of $6$ percent per year indefinitely. If investors require a return of $11$ percent on

The Jackson$-$Timberlake Wardrobe Co$.$ stock, what is the current price? What will

the price be in three years? In $15$ years?