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A company currently pays a (Time 0) dividend of $1.89 per share. It is estimated that the companys dividend will grow at a rate of

A company currently pays a (Time 0) dividend of $1.89 per share. It is estimated that the companys dividend will grow at a rate of 22% per year for the next 2 years and then at a constant rate of 8% thereafter. The companys stock has a beta of 1.13, the risk-free rate is 7.25%, and the market risk premium is 3%. What is your estimate of the stocks current price?

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