Anguria Industries recently paid a $1.75 dividend per share. The dividend of the company is expected to grow by 20 percent next year, 15 percent the following year, and 11 percent the year after before growing at constant rate of 7 percent growth that continue forever.

Anguria Industries' beta is 1.39, the risk-free rate of interest is 2.1 percent, and the rate of return on market is 11.88 percent. What is the current stock price of Anguria Industries?