The RLX Co$.$ just paid a

dividend of $$3\mathrm{.}20$ per share on its stock. The

dividends are expected to grow at a constant rate of

$4$ percent per year indefinitely. If investors require a

return of $10\mathrm{.}5$ percent on the company$$s stock, what

is the current price? What will the price be in $3$

years? In $15$ years? write out the formulas