Problem $9-14$ Nonconstant Dividends

McCabe Corporation is expected to pay the following dividends over the next four years:

$$19,$$$15,$$$14,$ and $$5\mathrm{.}50.$ Afterward, the company pledges to maintain a constant $3$

percent growth rate in dividends forever. If the required return on the stock is $10$ percent,

what is the current share price? $($Do not round intermediate calculations and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Current share price