$($CHAPTER $8)$

Superior Inc. is starting a new project. It plans to develop an online platform that allows for $3$D printing of online purchases. This would

effectively reduce the online purchases' delivery times to minutes, It expects this new product to be a great success and bring rapidly growing

profts in the first few years. After that, it expects the competition to kick in which will reduce the growth of annual profits. The dividends on

Superior Inc's shares will be growing accordingly. Here is the exact schedule of expected future dividends:

Most recently paid dlvidend is $$6$

Expected annual growth rate of dividends for the first $3$ years is $50\%$

Expected annual growth rate of dividends after that is $14\%$

Discount rate for this company is $19\%$

Calculate the price per share of stock of Superior Inc.

Increase decimal places for any intermediate calculations, from the default $2$ to $6$ or higher. Only round your final answer to Two decimal places, for example,

$100\mathrm{.}23.$

DO NOT put $"$ $ $"$ in your answer: