What is the stock price today? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. In practice, a common way to value a share of stock when a company pays dividends is to value the dividends over the next five years of so, then find the "terminal" stock price using a benchmark PE ratio. Suppose a company just paid a dividend of $1.17. The dividends are expected to grow at 12 percent over the next five years. In flve years, the estimoted payout ratio will be 40 percent and a benchmark PE will be 19. The required return is 12 percent