Aetna$/$CVS Health currently has class A shares that sell on the New York Stock Exchange.

The most recent financial data on these shares indicate that the most recent dividend

paid is $$1\mathrm{.}12$ per share. Moody's Investment Advisors has identified this company as a

fast grower with an anticipated constant growth rate of $12\%$ and an estimated market

beta of $1\mathrm{.}16$ for its stock. If the current risk$-$free rate is $5\%$ and the required market rate

of return on a comparable market portfolio is $12\%,$ what is the maximum amount you

would be willing to pay for the company's stock?