Current Attempt in Progress

The required rate of return is $21\mathrm{.}65$ percent. Pharoah Corp, has just paid a dividend of $$3\mathrm{.}12$ and is expected to increase its dividend at a constant rate of $5\mathrm{.}10$ percent. What is the expected price of the stock three years from now? $($Do not round intermediatecalculations. Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}20.)$

Expected price $