George Johnson is preparing a valuation of Logistic Solutions, Inc. George has decided to use a two-stage DDM model and the following estimates. The Dividend per share is $2.60 for the current year (D.) and expected to grow at 15% annually for the first five years, and 8% afterwards, indefinitely. Logistic Solutions' estimated beta is 1.5, and George believes that the current market conditions dictate a 3.0% risk free rate of return and a 7.0% market risk premium. According to the two-stage DDM model, the stock of Logistic Solutions should be worth today