Path to the Mountain Inc. just announced earnings per share of $6 for the current quarter (which ended today). Path to the Mountain has just paid out 20% of these earnings as a dividend and reinvested the rest in new projects earning a return of 38% per year. Path to the Mountain will continue to pay quarterly dividends under these policies and investment returns until two years from today. Two years from today and thereafter forever, the return on Path to the Mountains new projects will fall to 3% per year and Path to the Mountain will begin paying out 75% of its earnings as a dividend. Set up the calculations needed to determine the price per share of Path to the Mountain stock if Path to the Mountains equity cost of capital equals 9.5% per year and the firm pays dividends quarterly.