Question: (CH7 Problem 18) Jane Corp. is growing quickly. Dividends are expected to grow at a 30 percent rate for the next two years, with the

(CH7 Problem 18) Jane Corp. is growing quickly. Dividends are expected to grow at a 30 percent rate for the next two years, with the growth falling off to a constant 4.5 percent thereafter. If the required return is 8.1 percent and the company just paid a $1.25 dividend, what is the current share price? Round intermediate computations to three decimal places and round your answer to the nearest DIME (i.e. xx.xO)

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