IX$)$ You are analyzing the stock of XYZ Corporation. The company is expected to exhibit differential growth over the next few years before settling into a stable growth phase. You have the following information: $(10$ points$)$

Initial Dividend $($D$0)$: $$2\mathrm{.}00$ per share

Growth Rates:

Year $1$: $12\%$

Year $2$: $10\%$

Year $3$: $8\%$

Stable Growth Rate $($after Year $3)$: $4\%$

Required Rate of Return $($r$)$: $9\%$

Calculate the current stock price of the company.