2) Vega Inc. expects earnings/dividends to grow at an annual rate of 20 percent for the next 2 years. This growth rate is expected to drop to 10 percent a year for a further three years after which the company settles into a constant growth pattern of 4 percent per year indefinitely. If current dividend is $1.10 per share and investors require a 15 percent annual return on Vega stock, what is a fair price for a share of Vega's stock today?