$(Relatedto$ Checkpoint $10\mathrm{.}1)(Common$ stock valuation$)$ Header Motor, Inc., paid $a$ $$3\mathrm{.}50$ dividend last year. $At$ a constant growth rate $of5$

percent, what $is$ the value $of$ the common stock $if$ the investors require $a20$ percent rate $of$ return?

The value $of$ the common stock $is$ $$.(Roundto$ the nearest cent.$)$