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Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 3 0 percent for the next three years, with the growth

Synovec Corporation is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the
growth rate falling off to a constant 6.5 percent, thereafter. If the required return is 13 percent and the company just paid a dividend of
$3.00, what is the current share price?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Share price
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