The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.30 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. If investors require an 14 percent return on The Jackson-Timberlake Wardrobe Co. stock, the current price is $ . The price will be

$ in 4 years. (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16))