Problem $8-14$ Stock Valuation $[$LO$1]$

Avacado Farms just paid a dividend of $$3\mathrm{.}55$ on its stock. The growth rate in dividends is expected to be a constant $6$ percent per year indefinitely. Investors require a return of $14$ percent for the first three years, a return of $12$ percent for the next three years, and a return of $10$ percent thereafter. What is the current share price?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Current share price