Diamond House Exporting has a beta of 1.50, the risk-free rate of interest is currently 12 percent, and the required return on the market portfolio is 18 percent. The company plans to pay a dividend of P2.45 per share in the coming year and anticipates that its future dividends will increase at an annual rate consistent with that experienced over the 2018- 2020 period Year Dividend 2020 2.32 2019 2.21 2018 2.10 Estimate the value of Diamond House Exporting stock.