The Double Dip Co. is expecting their ice cream sales to decline due to the increased interest in healthy eating. Thus, the company has announced that they will be reducing their annual dividend by 5% a year for the next three years. After that, they expect dividends to increase at 1% forever. Last year, the company paid a $3.00 per share dividend. What is this stock worth to you today if you require a 9% rate of return?