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Question 18 5 ABC Company has just paid a dividend of $2.91 per share, and...

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Question 18 5 ABC Company has just paid a dividend of $2.91 per share, and its dividend is expected to grow at a constant rate of 5,5% per year in the future. The company's beta is 1.28, the market risk premium is 6,38%, and the risk-free rate is 4.00%. What is the company's current stock price, Po? Round your final answer to two decimal places of dollar ($), but do not enter $ in your answer, e.g., xx.xx. (Hint: Compute ks first using the CAMP and then Po.)

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