The Canadian Companys dividends are expected to grow at 9.4 percent during the next year and then at 3.3 percent per year after that, indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $53.43 per share. What is the projected dividend for the coming year? (Round your answer to 2 decimal places)

The Canadian Company's dividends are expected to grow at 9.4 percent during the next year and then at 3.3 percent per year after that, indefinitely. The required return on this stock is 10 percent, and the stock currently sells for $53.43 per share. What is the projected dividend for the coming year? (Round your answer to 2 decimal places and do NOT include the dollar sign)