Consider the following information which relates to a given company: Item 2019 Value $6.91 $37.07 Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $62.82 Million 2.4 Million $4.06 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.2% in the future, or possibly 8.92% for the next 2 years and 6,54% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.83% to 12.8%. Currently, the risk-free rate is 5.53%. Required: Assuming a constant annual 8.92% growth rate in dividends per share over the next two years and 6.54% thereafter, find the value per share of the firm's stock. The required return is 16.5%