stetson computer inc is experiencing a period of rapid growth. earnings abd dividends are expected to grow at a rate of 15% during the next two years, at 13% for the following year and at a constant rate of 4% thereafter. stetson's last dividend was $1.14 and the required rate of return on the stock is 11%.

what is the value of stock one year from today, i.e. what is P1?