Nairobi Enterprises expect to pay a dividend per share of Sh$.$

$1\mathrm{.}50$ at the end of the year. Investors expect Earnings and

Dividends to grow thereafter at a rate of $5\%$ each year for three

years, $3\%$ each year for four years and a constant rate of $5\%$

per year into the foreseeable future. If the common

stockholders minimum required rate of return of $10\%,$ how

much is the stock worth now