As a research analyst for a major investment bank, it is your job to determine the one-year target price of the stocks you cover. Based on your calculations, you are to determine what the price of a stock should be one year from today. As you study Home Depot, you notice it paid a dividend of $1.50 per share yesterday. You expect Home Depots dividends to grow at a rate of 20 percent for the next three years, and then to settle down to a long-term growth rate of 5% for the foreseeable future. If investors require an 11% return for owning shares of Home Depot, what should the stock price be a year from now?