12. (0.5 point) Suppose for company A, the dividend payment patterns are below: Current dividend is $1.50 per share Growth rate of dividend year 1 is -10% Growth rate of dividend year 2 is 0% Growth rate of dividend year 3 is 20% If you plan to sell the stock of company A immediately after the year 3 dividend was paid, and you forecast that the expected sale price of this stock 3 years later is $35 per share, estimate the current stock price per share using the DCF method assuming the discount rate is 11% (hint: you need to forecast the dividend payment for years 1-3)