Question: Please help me with this homework problem Impossible Corporation just paid a dividend of $2.20 per share. The dividends are expected to grow at 25

Please help me with this homework problem

Impossible Corporation just paid a dividend of $2.20 per share. The dividends are expected to grow at 25 percent for the next eight years and then level off to a growth rate of 6 percent indefinitely. If the required return is 14 percent, what is the price of the stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Stock Price

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