Assume that you have compiled the following information regarding a stock:

Last dividend paid

$$0\mathrm{.}75$ per share

Expected constant dividend growth rate

$8\%$

Current actual stock price

$$14\mathrm{.}57$ per share

Beta coefficient

$0\mathrm{.}88$

Risk free rate of return

$5\%$

Required rate of return on the market portfolio $15\%$

What is the expected current value of the stock?