Synovec Corporation is growing quickly. dividends are expected to grow at a rate of 28% for the next three years, with the growth rate falling off to a constant 6.4%, there after. If the required return is 16% and the company just paid a dividend of $2.95, what is the current share price?

Synovec Corporation is growing quickly. Dlvidends are expected to grow at a rate of 28 percent for the next three years, with the growth rate folling off to a constant 6.4 percent, thereafter. If the requlred retum is 16 percent ond the company just paid a dividend of $2.95, what is the current share price? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9.,32,16