What is the current share price-talcville farms

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Talcville Farms just paid a dividend of $3.42 on its stock. The growth rate in dividends is expected to be a constant 6.1% per year indefinitely. Investors require a 16.1% return on the stock for the first three years, a 14.1% return for the next three years, and an 12.1% return thereafter. 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 $

Reference no: EM132548234

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