MTEK Inc. pays dividends to its common stockholders on a quarterly basis and for the last quarter, it paid dividends of $0.8 per share today. Suppose that the growth rate of quarterly dividends stream is expected to be 5% over the next two quarters, and thereafter the growth rate of quarterly dividends stream will decline to 1.0% and it will stay at 1% into the indefinite future. The required expected rate of return of the stock is 3% per quarter throughout.

Find the current price per share of the stock.