7. You are considering whether you should buy a share of Global's common stocks. The firm has just paid out a quarterly dividend of $1.20. You don't own a share yet, so you didn't get this dividend. You expect Global's dividend to increase by 1.5% every quarter for the next 17 years. After that, you expect Global's dividend to increase by 1% every quarter, forever. Your discount rate is 16% APR. What is the price of the stock? (15 points)