You expect the price of the stock 3 years from now to be $17.36; that is, you expect to equal $17.36. Discounted at a 12% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $17.36. Round your answer to the nearest cent. Do not round your intermediate calculations.

If you plan to buy the stock, hold it for 3 years, and then sell it for $17.36, what is the most you should pay for it today? Round your answer to the nearest cent. Do not round your intermediate calculations.