Crisp is a small but growing app writer, specializing in developing new iPhone apps. It does not expect to pay dividends for 2 years though its earnings are growing rapidly (25% per annum) with current earnings of $0.50 per share It expects competition to increase considerably by Year 3 during which it expects earnings to grow at just 3% and this lower growth rate is expected to continue into the future. The company is expected to start paying dividends at the end of the 3rd year. A dividends payout ratio of 0.50 is predicted. The appropriate discount rate for this firm is 12% per annum. What is the price of a Crisp share given these details