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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per sha stock. The dividends are expected to grow at a constant rate of 3

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The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.95 per sha stock. The dividends are expected to grow at a constant rate of 3 percent indefinitely. Investors require a return of 11 percent on the company's stock. a. What is the current stock price? (Do not round intermediate calculations an your answer to 2 decimal places, e.g., 32.16.) b. What will the stock price be in 3 years? (Do not round intermediate calculat round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 6 years? (Do not round intermediate calculat round your answer to 2 decimal places, e.g., 32.16.)

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