Scubaland, Inc is experiencing a period of rapid growth. Earnings and didvidends per share are expected to grow at a rate of 18% during the next 2 years, 15% in the third year and 6% thereafter. Yesterday, Scubaland paid a dividend of 1.15$. If the required rate of return in stock is 12%, what is the price of a share of the stock today?

P.S.: include explanation and calculations please.