AlJuman Manufacturing has a beta of 1.50, the risk-free rate of interest is currently 12 percent, and the required return on the market portfolio is 18 percent. The company plans to pay a dividend of $2.45 per share in the coming year and anticipates that its future dividends will increase at an annual rate consistent with that experienced over the 2015-2017 period. dividends were 2.32 in 2017, 2.21 in 2016 and 2.10 in 2015. Estimate the value of AlJuman Manufacturing's stock.