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. What is the current stock price? (Round your answer to 2 decimal places. (e.g., 32.16))
What will the stock price be in three years? (Round your answer to 2 decimal places. (e.g., 32.16))
What will the stock price be in 14 years? (Round your answer to 2 decimal places. (e.g., 32.16))