The risk-free rate is 2.99% and the market risk premium is 5.48%. A stock with a of 1.69 just paid a dividend of $2.86. The dividend is expected to grow at 24.25% for three years and then grow at 3.31% forever. What is the value of the stock?

The risk-free rate is 2.99% and the market risk premium is 5.48%. A stock with a 3 of 1.69 just paid a dividend of $2.86. The dividend is expected to grow at 24.25% for three years and then grow at 3.31% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places