William Brown is interested in purchasing the common stock of Oriole, Inc., which is currently priced at $35.56. The company is expected to pay a dividend of $2.58 next year and to increase its...

William Brown is interested in purchasing the common stock of Oriole, Inc., which is currently priced at $35.56. The company is expected to pay a dividend of $2.58 next year and to increase its dividend at a constant rate of 6.60 percent. What should the market value be if the required rate of return is 14 percent?

- Market value of stock $