Thomas Electric just developed a revolutionary new type of method used to generate electricity which is extremely efficient for use in a certain geographic location. As a result, Thomas Electric is expected to experience a 15 percent rate of growth for the next 5 years, after which, growth will slow to 5 percent into the foreseeable future. The market requires a 12 percent return on Thomas Electric stock and the most recent dividend paid was $1.75 per share. Calculate the theoretical value of the stock today. Explain.