A stock has the following data:

o Current cash flow per share: $12 o Growth rate for the next three years: 40% o Long term growth rate after 3 years: 1.5% o It will pay a dividend 20% of cash flow in yr 4. o The current risk free rate= .64%; Return of the market= 10% o The stock's beta = .09

Using the above data and CAPM to calculate its stock price.