9 Problem 8-1 Stock Values (LO1] 6.25 points The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.70 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 15 percent on the company's stock. eBook Hint a. What is the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will the stock price be in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What will the stock price be in 20 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Print References a. Current price b. Stock price in 3 years c. Stock price in 20 years