The Containment Store just paid a dividend of $3.90. The company will increase its dividends by 16% next year. After that the rate of increase will fall by 4% (ex. from 16% to 12%) each year until it reaches the industry average of 4%, after which it will keep growing dividends 4% in perpetuity. If the company has a required return on stock of 12%, what should be the stock price today?