The Starr Co. just paid a dividend of $1.25 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. Investors require a 12 percent return on the stock. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.)

What is the current price?

Current price $ __________

What will the price be in three years?

Stock price $ _________

What will the price be in 8 years?

Stock price $___________