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Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 3 1 percent for the next three years, with the growth

Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 7.1 percent, thereafter. If the required return is 12 percent and the company just paid a dividend of $2.55, what is the current share price?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16N

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