Wayne-Martin Electric, Inc. (WME) has just developed a solar panel capable of generating 200 percent more electricity than any solar panel currently on the market. As a result, WME is expected to experience higher than normal growth for the next 5 years. By the end of the 5 years, other firms will have developed a comparable technology, and WMEs growth rate will slow to a more sustainable level indefinitely. The most recent dividend (D0) was paid yesterday. Based on this information and the data below, what is the value of the stock today, P0.
	Current Dividend (D0)	$3.00
	Growth Rate for Next 5 Years	15.00%
	Growth Rate After 5 Years	6.00%
	Required Return	13.00%
	Use the scratchpad to show your work in Excel.
	Type your numercial answer into the yellow cells below.
	Answers should be to two decimal places, e.g. 1.23% or $123.45.
	Stock Price Today (P0)