Bayboro Sails is expected to pay dividends of $3.50, $4.00, and $5.00 in the next three yearsD₁, D₂, and D₃, respectively. After three years, the dividend is expected to grow at a constant rate equal to 5 percent per year indefinitely. Stockholders require a return of 15 percent to invest in the common stock of Bayboro Sails. Compute the value of Bayboros common stock today, P₀.