Please adhere to rounding instructions when completing the problem. It will be incorrect if it is not completed in this fashion. Thanks!

1 Question 5 2 pts Hughes Co. is growing quickly. Dividends are expected to grow at a 17.4 % rate for the next three years, with the growth rate falling off to a constant 5.2 % thereafter. If the required return is 11.3 % and the company just paid a $2.12 dividend, what is the current share price? (Round answer to 2 decimal places. Do not round intermediate calculations Topic: Differential Growth 49.99 or 49.57