Delta Cosmetics Inc. (DCI) had earnings per share of $2.0 last year and paid out $0.5 to shareholders in the form of a dividend. The firms net income and its dividends are expected to grow at 10% for the next 3 years. Beyond this high growth phase, DCIs growth rate will stabilize. In the long term, DCI's return on new investments is 10% and payout ratio is 80%. DCIs equity cost of capital is 8%. The value of a share of DCI's stock today is closest to