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Grouper Inc. has just paid a dividend of $$4\mathrm{.}10.$ An analyst forecasts annual dividend growth of $9$ percent for the next five years; then

dividends will decrease by $1$ percent per year in perpetuity. The required return is $12$ percent $($effective annual return, EAR$).$ What is

the current value per share according to the analyst? $($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}54667$

and other intermediate calculations to $3$ decimal places, e$.$g$\mathrm{.}15\mathrm{.}612.$ Round final answer to $2$ decimal places, e$.$g$\mathrm{.}15\mathrm{.}61.)$

Current value per share

$

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