HSP Ltd. was founded 15 years ago. It has been profitable for the last 8 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay $0.50 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 8% thereafter. The forecast of the future dividend stream, along with the forecasted growth rates, is shown in the table below. With a required return of 11%, what is the stock price of HSP Ltd.one year from today?