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The Jackson_Timberiake Wardrobe Co. just paid a dividend of $2 per share on its stock. The dividends are expected to grow at a constant rate

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The Jackson_Timberiake Wardrobe Co. just paid a dividend of $2 per share on its stock. The dividends are expected to grow at a constant rate of 4% per year indefinitely. If investors require a return of 11% on the company's stock, what is the current price? In 15 years? $29.71;$53.51 $29.71,$142.17 $34.40;$38.70 $34.40;$61.95 $29.71;$33.42

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