The most recent annual dividend paid on Hectron Enterprise's stock was $1.50, and this dividend is expected to increase at 5% over the next two years and then at 2% each year after forever. Currently, the risk-free rate of return is 4% and beta for Hectron is currently reported at 1.25. Further, the expected return on the market over the next year is 10%. Given that the CAPM is most appropriate for valuing Hectron's share price, what should one share of Hectron be currently trading at?