Terminal value

Reliable Motors shares are expected to pay dividends of $$1\mathrm{.}35,$$$1\mathrm{.}20,$ and $$1\mathrm{.}05$ at the end of

each of the next three years, respectively. The investor expects the price of the shares at the

end of this $3-$year holding period to be $$54\mathrm{.}00.$ The investor's required rate of return is $14\mathrm{.}5\%.$

Calculate the current value of Reliable's shares.