Alias Ltd is expected to pay a dividend per share of $2.2 for the coming year. It expected that Alias can maintain a dividend growth of 18% a year for the next 5 years. Given by an in-depth analysis, it comes to term that the growth rate will decline to 5 per cent per annum and remains at that level indefinitely. The required rate of return on the shares is 12 per cent per annum.

i)Calculate the current share price.

ii)If the market for the company is $20.00, will you recommend to buy this stock?