2024 – Apocalyptica Corporation is expected to pay the following dividends over the next four years 5 10 16 10 21 10 and 2 90

Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.10, $16.10, $21.10, and $2.90. Afterwards,… – 2024

Apocalyptica Corporation is expected to pay the following dividends over the next four years: $5.10, $16.10, $21.10, and $2.90. Afterwards, the company pledges to maintain a constant 5.25 percent growth rate in dividends, forever.

Required:
If the required return on the stock is 7 percent, what is the current share price? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).)

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