You are analyzing a company that has net income after taxes of $$2,000,000,1$ million common shares outstanding, a payout ratio of $50\%$ and an expected growth rate of $4\%$ annually. The company has a beta of $1\mathrm{.}5,$ US Treasuries are yielding $3\%$ and the market has a return of $10\%.$ What is the value of this company$$s stock?