Acme Co$.$ currently pays a dividend of $$2\mathrm{.}25$ per share $.$The CFO estimates that the company's dividend will grow at a rate of $11\%$ per year for the next $2$ years, and then at a constant rate of $5\%$ thereafter. The company's stock has a beta of $1\mathrm{.}1,$ the risk$-$free rate is $3\mathrm{.}5\%,$ and the market risk premium is $4\mathrm{.}5\%.$ What is your estimate of the stock's current price?

CAPM model: Ri$=$Rf$+$Beta$*($Rmarket$-$ Rf$)$

Gorden Model: P$0=$D$1/($Ri$-$g$)$