Wildhorse Pharma is a fast-growing drug company. Management forecasts that in the next three years, the company's dividend growth rates will be 30 percent, 28 percent, and 24 percent, respectively. Last week it paid a dividend of $1.89. After three years, management expects dividend growth to stabilize at a rate of 8 percent. The required rate of return is 14.50 percent.

Compute the dividends for each of the next three years, and calculate their present value. (Round dividends to 3 decimal places, e.g. 15.250. Round present value of dividends to 2 decimal places, e.g. 15.20.)

D1		$
D2		$
D3		$
Present value		$