The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.40 per share on its stock. The dividends are expected to grow at a constant rate of 7% per year indefinitely. (A) If investors require a 14% return, what is the current price? I used Excel and got $20.00 with the formula 1.4/(.14-.07) (B) What will the price be in 16 years? I'm stuck on this second part of finding the future price in 16 years.