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The Jackson - Timberlake Wardrobe Co . just paid a dividend of $ 1 . 7 5 per share on its stock. The dividends are

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.75 per share on its
stock. The dividends are expected to grow at a constant rate of 4 percent per year
indefinitely. Investors require a return of 11 percent on the company's stock.
What is the current stock price? (Do not round intermediate calculations and round
your answer to 2 decimal places, e.g.,32.16.)
Current price
What will the stock price be in three years? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g.,32.16.)
Stock price
What will the stock price be in 18 years? (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g.,32.16.)
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