Tesla just announced the plan on the second stock split recently, but it doesnt pay dividend. However, given its stock split plan, the earnings of Tesla will grow at a very high rate. Thus, it is expected to begin paying dividend, starting 3 years from today. The first dividend will be $42 per share and the dividend is expected to grow at 15% per year for 2 years. After the two-year superior growth, the expectation of the normal growth rate is 8%. Your required rate of return is 12%. What should you be willing to pay for this stock?

Thank you so much!!