Stock valuation:

The company Rose just paid a dividend of $$1\mathrm{.}40$ per share. The company will increase its dividend by $20$ percent next year and will then reduce its dividend growth rate by $5$ percentage points per year until it reaches the industry average of $5$ percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on Rose is $12$ percent, what is the current stock price?