MCC company is expanding rapidly. Because it needs to retain all its earnings the company will not pay dividends. Investors expect that MCC to begin paying dividends eventually, with the first dividend of $1 coming three years from today. The dividend should grow rapidly at a rate of 50%per year during year 4 and 5. After year five , the company should grow a a constant rate of 8% per year . if the treasury bill rate is 3% and the market risk premium is 5% and MCC has a beta of 1.2 . what is the value of the stock Today?