Jack hammer invests in a stock that will pay dividends of $2.00 at the end of the first year, $2.20 at the end of the second year, and $2.40 at the end of the third year. also, he believes that at the end of the third year he will be able to sell the stock for $33. what is the present value of all future benefits if a discount rate of 11 percent is applied? (round all values to two places to the right of the decimal point)