Janicex Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next… Show more Janicex Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 8 percent thereafter. If the required return is 11 percent and the company just paid a dividend of $1.45, what is the current share price? (Round your answer to 2 decimal places. (e.g., 32.16)) • Show less