IceThin Inc. currently pays a annual cash dividend of $$5$ per share. It is estimated that

the company's dividend will grow at a rate of $15\%$ per year for the next $2$ years and

then at a constant annual rate of $4\%$ thereafter. The company's stock has a beta of

$0\mathrm{.}8,$ the risk$-$free rate is $3\%$ and the market risk premium is $7\%.$ What is the

estimated price of the company's stock at the end of year $4?$

Show your answer to the nearest $2$ decimals. Do not use the $ sign in your answer.

For example, if the answer is $$3\mathrm{.}237$ enter your answer as $3\mathrm{.}24$ Do not enter it as

$$3\mathrm{.}237,$ $$3\mathrm{.}2,3\mathrm{.}2,$ or $3\mathrm{.}237$

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