The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.05 per share on its stock. The dividends are expected to grow at a constant rate of 7 percent per year indefinitely. Investors require a return of 12 percent on the company's stock. 1 a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) 20 points b. What will the stock price be in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 10 years? (Do not round intermediate calculations Skipped and round your answer to 2 decimal places, e.g., 32.16.) a. Current price b. Stock price in 3 years c. Stock price in 10 years Mc Graw Hill 1