Problem 7-1 Stock Values [LOl 1 1] Eowler, Inc., just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume nvestors require a return of 12 percent on this stock. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the price be in four years and in sixteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Problem 7-1 Stock Values [LOl 1 1] Eowler, Inc., just paid a dividend of $3.00 per share on its stock. The dividends are expected to grow at a constant rate of 5.25 percent per year, indefinitely. Assume nvestors require a return of 12 percent on this stock. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What will the price be in four years and in sixteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)