You are doing a valuation estimate of Southern Company. Southern's last annual dividend was exist1.00 a share. The firm expects that it will increase the dividend by 6.0% for the next 2 years: and, thereafter, it will increase the dividend by 2.7% annually. What is this stock worth today if the required return is 12.0%?
(Show your answer to the nearest exist.01. When you input your answer, do not include the sign or any commas. If your answer is negative, do include the "-" immediately in front of your value. For example, you would input a value of -exist10,000.11 as -10000.11)