Question: 12 Problem 7-29 Nonconstant Growth (LO2) 10 points for another 3 years. Do not round intermediate calculations. Round your answer to 2 decimal places.) b.If

 12 Problem 7-29 Nonconstant Growth (LO2) 10 points for another 3

12 Problem 7-29 Nonconstant Growth (LO2) 10 points for another 3 years. Do not round intermediate calculations. Round your answer to 2 decimal places.) b.If the discount rate is 17% and the steady growth rate after 3 years is 3%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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