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The Brigaphenski Co . has just paid a cash dividend of $ 2 per share. Investors expected return is 1 1 . 6 4 percent.

The Brigaphenski Co. has just paid a cash dividend of $2 per share. Investors expected return is 11.64 percent. If the dividends for the next 3 years are $ 2.18, $ 2.57, and $ 3.28, respectively, and the stock is expected to be sold for $ 50.71 in 3 years. What is the current value of the stock?

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