Question: HELP ASAPP!!! 7 Hughes Co. is growing quickly. Dividends are expected to grow at a 26 percent rate for the next three years, with the

HELP ASAPP!!! 7

Hughes Co. is growing quickly. Dividends are expected to grow at a 26 percent rate for the next three years, with the growth rate falling off to a constant 8 percent thereafter. If the required return is 15 percent and the company just paid a $3.55 dividend, what is the current share price? (Do not round intermediate calculations and round the final answer to 2 decimal places. Omit \$ sign in your response.) Current share price

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