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The RLX Company just paid a dividend of $ 1 . 6 5 per share on its stock. The dividends are expected to grow at

The RLX Company just paid a dividend of $1.65 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 12 percent on the company's stock.
a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
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 14 years? (Do not round intermediate calculations 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 14 years
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