Question: B&G Enterprises just experienced a technological breakthrough and is expected to grow at a 26.3 % rate for the next two years. After this period,

B&G Enterprises just experienced a technological breakthrough and is expected to

B&G Enterprises just experienced a technological breakthrough and is expected to grow at a 26.3 % rate for the next two years. After this period, competition will catch-up and B&G will maintain a constant 3.7% growth rate. If B&G's required return is 12.8 % and the company just paid a $2.28 dividend, what is the current share price? (Round answer to 2 decimal places. Do not round intermediate calculations)

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