Grow On, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $4.90. You believe that dividends will grow at a rate of 20% per year for three years, and then at a rate of 5% per year thereafter. You expect the stock will sell for $34.19 in three years. You expect an annual rate of return of 18% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now?