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Wildhorse Corp. will pay dividends of $ 5 . 0 0 , $ 6 . 2 5 , $ 4 . 7 5 , and

Wildhorse Corp. will pay dividends of $5.00,$6.25,$4.75, and $3.00 in the next four years.
Thereafter, management expects the dividend growth rate to be constant at 6 percent. If the
required rate of return is 17.60 percent, what is the current value of the stock? (Round all
intermediate calculations and final answer to 2 decimal places, e.g.15.20.)
Current value $|
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