Pulling out the dividend history of Company B, you find out that Company B has been increasing its dividend at 0.2% for the past 6 years. You predict this growth rate (0.2%) will stay at this level for another 5 years. After that, the dividend will be constant forever (no growth rate). Suppose the dividend just paid is $0.6. The return on market portfolio is 8%. Risk free rate is 1.2%. Company B has a beta of 0.76. What is the fair price of Company Bs stock?