Question: ABC is growing quickly. Dividends are expected to grow at a rate of 27.1 percent for the next three years, with the growth rate falling

ABC is growing quickly. Dividends are expected to grow at a rate of 27.1 percent for the next three years, with the growth rate falling off to a constant 6.5 percent thereafter. If the required return is 12.73 percent,and the company just paid a dividend of $2.26, what is the current share price?

(Do NOT include the $ sign. Round your final answer to 2 decimal places, e.g. 110.10)

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