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IceThin Inc. currently pays a annual cash dividend of $3.1 per share. It is estimated that the company's dividend will grow at a rate of

IceThin Inc. currently pays a annual cash dividend of $3.1 per share. It is estimated that the company's dividend will grow at a rate of 25% per year for the next 2 years and then at a constant annual rate of 5% thereafter. The company's stock has a beta of 1.6, the risk-free rate is 4% and the market risk premium is 10%. What is the estimated price of the company's stock at the end of year 5?

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