Cojective, Inc just paid a dividend of $6.52 per share (that is, D. = 6,52). Investors expect this dividend to grow at 25% next year (ie, in year 1) and at 15% the following year ( e, in year 2). Thereafter, dividends are expected to grow at a constant rate of 5% forever (e., for year 3,4,5..se). If the required rate of return on this stock is 17.3%, the equilibrium price of the stock should be $