The company finances its operations using 80% equity and 20% debt and pays 30% corporate tax rate. The company promises to pay a dividend of $2.0 per share next year which is expected to grow at 4% annual rate for eternity. Average unlevered beta of comparable firms is 0.85. The yield on risk-free government bonds is 3.2% and the market risk premium is 7%. What is the fair value of companys stock