A company is expected to have earnings of $1.42 per share in one year, $1.72 per share in two years, $2.30 per share in three years, and $2.77 in four years. The dividend payout ratio is also expected to remain at 40% over the next four years. The lagging P/E ratio is expected to increase up to 25 in three years. If the required rate of return is 10%, what is a fair value for this stock today?