Suppose 3M is currently trading for $113.3 per share. The company is expected to pay the following annual dividends on its common stock over the next 3 years: $1.4, $2.8, and $2.2 at the end of year 1, 2, and 3 respectively. Find the expected price (ex-dividend) for 3Ms stock in 3 years from today just before the last dividend is paid if their expected return is estimated to be 15.04% per year (hint: the 15.04% percent is not a holding period return).