Jones, Inc., is still in the growth phase of its lifecycle. Its dividend payout mirrors the companys projected growth. The firm just paid a dividend of $4.00 per share. It plans to pay $5 per share next year, and $6 per share the year after. After that, the firms dividend growth will grow at a constant 3.00% rate, forever. If the appropriate required rate of return for investment in this company is 11.00%, what is a fair price for its stock today?