The Tapley Tank Company's last dividend was $2.00. The dividend growth rate is expected to be constant at 25% for 3 years, after which dividends are expected to grow at a rate of 7% forever. Tapley's required return (r_s) is 11%. What is Tapley's current stock price?

The company's beta is 1.2, the market risk premium is 5%, and the risk-free rate is 3%. What is the company's current stock price?

Please give instructions using the tools of a financial calculator, such as the BA II +.