Suppose, GoldLink Ltd. think the dividend payout is too excessive and planned to reduce the dividend payout gradually. The company just paid a dividend of $2 per share. The dividends are expected to increase by 6% next year and then the dividend growth rate will reduce by 0.5 percentage points per year until it reaches the industry average of 4.5% dividend growth per year, after which the company will keep this 4.5% constant growth rate per year indefinitely. 

If the required return for the stock is 8%, what is the company’s stock price today?