Suppose a firm is expected to increase dividends by 10% in one year and by 20% in two years. After that, dividends will be increase at a rate of 6% per year indefinitely. If the last dividend was $2 and the required return is 12%, what is the price of the stock? Suppose a company had earnings per share of $12 over the past year. The industry average PE rate is 20. Use this information to value this company's stock price.