EX3. Salt Lake City Inc., provides maintenance services for commercial buildings. Currently, beta on its common stock is 1.8. The risk-free rate is now 10 percent, and the expected return on the market portfolio is 15 percent. Its January 1, and the company expected to pay a $2 per share dividend at the end of the year, and the dividend is expected to grow at a rate of 11 percent for many years to come. Based on the CAPM model and dividend growth model, what value would you place on one share of this common stock?