1. AAA Travel decides to pay some large dividends to its shareholders in the next few years. The plan is that dividend per share at Year 1 is $10, at Year 2 is $20, and at Year 3 is $25. After Year 3, the firm expects that the dividend payment will go perpetual with a constant growth rate of 3%. The dividend is paid at the end of each year. The required rate of return of this company is 6%. What is the current stock price?