Everest Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 28% for the next 2 years, 21.90% in year 3 and 4 and after which competition will probably reduce the growth rate in earnings and dividends to constant growth rate of 5.00%. The companys last dividend was $0.85, its beta is 1.25, the market risk premium is 7.00%, and the risk-free rate is 6.50%. What is the current price of the common stock?