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Universal Laser Inc. Just paid a dividend of $3.00 on its stock. The growth rate in dividends is expected to be a constant 4 percent

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Universal Laser Inc. Just paid a dividend of $3.00 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely investors require a 11 percent return on the stock for the fiest three years, a 9 percent return for the next three years, and then an 7 percent retum thereafter What is the current share price for the stock? (Do not round intermediate calculations and round the final answer to 2 decimal places. Omit $ sign in your response.) Current Share price

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