You own $122,000 worth of Smart Money stock. One year from now, you will receive a dividend of $3.65 per share. You will receive a $3.80 dividend two years from now. You will sell the stock for $79 per share three years from now. Dividends are taxed at the rate of 28 percent. Assume there is no capital gains tax. The required aftertax rate of return is 13 percent.

How many shares of stock do you own? (Do not round intermediate calculations and round your answer to 2 decimal places (e.g., 32.16).)

Shares owned____________