Question: Rosas, Inc will not pay a dividend for two years. Three years from today, the company will pay out a dividend of $ 5 .

Rosas, Inc will not pay a dividend for two years. Three years from today, the company will pay out a dividend of $5.30(i.e., D3=5.30). After that, the dividend will grow at 5% per year forever. If the required rate of return on Rosas stock is 16%, the stocks current price (i.e., P0) is $______.

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