The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 11 percent on the company's stock.

a.What is the current stock price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b.What will the stock price be in 3 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.What will the stock price be in 14 years?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)