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Wildhorse, Inc., is a consumer products firm that is growing at a constant rate of 7 . 5 percent. The firm s last dividend, which

Wildhorse, Inc., is a consumer products firm that is growing at a constant rate of 7.5 percent. The
firms last dividend, which was just paid, was $3.36. If the required rate of return is 18.0 percent,
what is the market value of this stock if dividends grow at the same rate as the firm?(Do not round
intermediate calculations. Round answer to 2 decimal places, e.g.15.20.)

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