2. The APIC is expected to benefit greatly from the recent interest in 'do-it yourself home repair. Analysts are forecasting that APIC will experience two years of abnormally high growth of 20% in earnings and dividends before settling down to a normal growth rate of 5% in year 3 and beyond. Last year's dividend per share was $4.00. Assume that the appropriate opportunity cost of capital is 15%. Determine the market price of APIC's common stock