(Related to Checkpoint 10.1) (Common stock valuation) Header Motor, Inc., paid a $2.81 dividend last year. At a constant growth rate of 5 percent, what is the value of the common stock if the...

Extracted text: (Related to Checkpoint 10.1) (Common stock valuation) Header Motor, Inc., paid a $2.81 dividend last year. At a constant growth rate of 5 percent, what is the value of the common stock if the investors require a 10 percent rate of return? .... The value of the common stock is $ (Round to the nearest cent.)