Management expects dividends to grow at $30\%$ for the next $4$ years, after which the growth rate in dividends is $1\%,$ i$.$e$.,$ g $=1\%,$The company's last dividend, D $0,=$ $$1\mathrm{.}25,$ and its return is $10\%.$ The current price of the common stock equals? $($Hint: calculateP $4$ the price at year $4$ using g $=0$ in DCF$,$ and then using NPV$($rate$,$ D $1,$ D $2,$ D $3,$ D $4+$P $4)$