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 20% for the next 2 years, 15% in year 3 and 4 and after which competition will probably reduce the growth rate in earnings and dividends to constant growth rate of 6%. The companys last dividend was $2, its beta is 2, the market risk premium is 9%, and the risk-free rate is 7%. What is the current price of the common stock?