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The company paid a dividend of 148 last week if the

Non-constant growth: ProCor, a biotech company, forecasted the following growth rates for the next three years: 35 percent, 28 percent, and 22 percent. The company then expects to grow at a constant rate of 9 percent for the next several years. The company paid a dividend of $1.48 last week. If the required rate of return is 15 percent, what is the market value of this share?

(Round all calculations to 3 decimal places, round your final answer to 2 decimal places, i.e., $14.75)

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