Question: Looking for answer in an excel re-usable format Phillips Co. is growing quickly. Dividends are expected to grow at a rate of 26 percent for

Looking for answer in an excel re-usable format

Phillips Co. is growing quickly. Dividends are expected to grow at a rate of 26 percent 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 dividend of$3.55, what is the current share price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current share price

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