Non-constant growth: Staggert Ltd will pay dividends of $5.00, $6.25, $4.75, and $3.00 for the next four years. Thereafter, the company expects its growth rate to be at a constant rate of 5.5 percent. If the required rate of return is 20.5 percent, what is the current market price of the share?
(Round your intermediate calculations to 3 decimals places, i.e., $2.756, and your final answer to 2 decimal places, i.e., $14.75. )
P0 = $