eCoach is a rising star in a high growth industry. It expects to pay its first dividends next year at $0.75 per share. It plans to increase its dividends by $0.25 per year until it reaches $1.50 per share. It will then follow a long-term growth rate of 3 percent per year. Required return for the company is 20 percent. Compute the estimated future stock price in year 4 for eCoach.