Part of Lifecycle Motorcycle Company's income statement is as follows: Income Statement 2020 Dividends 3,000,000 1,000,000 Common shares outstanding Dividend per share 3 Selected financial information: Required rate of return on equity 8%. You anticipate that Lifecycle Motorcycle Company's dividends will grow at 15% in 2021 and 2022, and 5% thereafter. Using the two-stage DDM, calculate the current value (at the end of 2020, or the beginning of 2021) of a share of Lifecycle Motorcycle Company's stock. (15 points)