TOUCH Check my work Problem 8-15 Value of Dividends and Future Price (LG8-5) A firm is expected to pay a dividend of $2.55 next year and $2.70 the following year. Financial analysts believe the stock will be at their price target of $40 in two years. Compute the value of this stock with a required return of 12.5 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of stock