The company recently paid a dividend of $$1\mathrm{.}41$ on earnings per share of $$2\mathrm{.}41,$ which is expected to grow at a rate of $25$ percent per year for the next two years, followed by a $12$ percent growth rate for three years and stabilise at a perpetual constant growth rate of $6\%.$ The current riskfree rate is at $2$ percent, the risk premium is $7\%$ and the beta is $0\mathrm{.}78.$Calculate the value of the stock