The JacksonTimberlake 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

$