Nike stock has a beta of $1\mathrm{.}8.$ The risk$-$free rate is $2\mathrm{.}1\%$ and the expected return on the market portfolio is $7\%.$ The company has just paid a quarterly dividend of $$0\mathrm{.}87.$ Dividends are expected to grow by $0\mathrm{.}6\%$ per quarter.

Part $1$

What is the stock's value $($in $$)?$