Noelia Industries, Ltd. is a young, fast growing company. For the next five years, it is expected to grow at 30%. Then, the growth rate is expected to slow down to 15% for following 3 years. Afterwards, the company expects to maintain a steady growth rate of 5%. Noelia's last dividend payment (D0) was $.75 and is expected to increase its future dividends at the same growth rates. Compute Noelia's stock value assuming that the company's require return is 20%.