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View Policies Current Attempt in Progress Sheridan Tire's current dividend is $ 3 . 0 0 . Dividends are expected to grow by 2 5

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Sheridan Tire's current dividend is $3.00. Dividends are expected to grow by 25 percent for years 1 to 3 and 10 percent thereafter. The
required rate of return on the stock is 14 percent. What is Sheridan's current stock price? (Round intermediate calculations to 4 decimal
places, e.g.7.1285 and final answer to 2 decimal places, e.g.115.61.)
Stock price $
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