Marcel Co. is growing quickly. Dividends are expected to grow at a 30 percent rate for the next 3 years, with the growth rate reducing to only a constant 8 percent thereafter. Required: If the required return is 16 percent and the company just paid a $1.40 dividend, what is the current share price? Note: since the dividend at time 0 of $1.40 has just been paid, do not include it in the price at time 0. (Do not round your intermediate calculations.) O $32.54 O $29.93 $28.23 $31.26 $31.90