Apple is interested in buying Netflix. However, they don't know how much they should pay per share for the stock. They see Netflix paid a $20 dividend today. Apple has watched Netflix's stock over the last three months and believes Netflix's dividend will change by -20% next year, then -10%, and then 5% per year forever. If Apple wants to make a 12% return on investment, how much should they pay for Netflix stock today? Please show step-by-step instruction for this solution.