Company A announced that its current dividend is $10 per share (D0=$10). The dividend is expected to grow at a constant rate of 5 percent a year for the first 2 years and it will be 4 percent thereafter. The risk-free rate is 4 percent, the required rate of return on the market portfolio is 7 percent and the company's beta equals to 2. What is the expected price of the stock today (t=0)?