Problem $8-16$ Non$-$Constant Dividends $($LO$1)$

Chamberlain Corporation is expected to pay the following dividends over the next four years: $$13\mathrm{.}20,$$$9\mathrm{.}20,$$$8\mathrm{.}20,$ and $$3\mathrm{.}70.$

Afterward, the company pledges to maintain a constant $4\%$ growth rate in dividends forever. If the required return on the stock is $12\%,$

what is the current share price? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in

your response.$)$

Current share price $