Problem 7-12 Nonconstant Growth Stock Valuation Assume that the average firm in your company's industry is expected to grow at a constant rate of 5% and that its dividend yield is 7%. Your company is about as risky as the average firm in the industry, but it has just successfully completed some R&D work that leads you to expect that its earnings and dividends will grow at a rate of 50% [D1 = Do(1 + g) = Do(1.50)] this year and 20% the following year, after which growth should return to the 5% industry average. If the last dividend paid (Do) was $2.5, what is the value per share of your firm's stock? Round your answer to the nearest cent. Do not round your intermediate computations. $