Suppose Microsoft (NASDAQ: MSFT) just paid a dividend of $1.60 per share. The dividend is expected to grow by 10% per year and the investor has a required rate of return of 12%. What should be the current price of the stock according to the Gordon-Growth model?

Extra Credit: create a sensitivity analysis showing the stock price at expected dividend growth rates from 1% - 11% (in 1% increments) and create a bar chart displaying the results.