A company currently pays a dividend of $1 per share. It is estimated that the company's dividend will grow at a rate of 20 percent from year 1 through year 4 and it grows at 12 percent from year 5 through year 7, then the dividend will grow at a constant rate of 6 percent thereafter. The company's stock has a beta equal to 1.2, the risk-free rate is 7.5 percent, and the market risk premium is 6.25 percent. What would you estimate is the stock's current price?