Investors require a 7% rate of return on Levine Company's stock (i.e., r_s = 7%).

1. What is its value if the previous dividend was D₀ = $1.00 and investors expect dividends to grow at a constant annual rate of (1) -6%, (2) 0%, (3) 3%, or (4) 6%? Do not round intermediate calculations. Round your answers to the nearest cent.