You are considering purchasing a share of Belgravia Petroleum Inc. The company just announced its earnings per share of $2.50. Management predicts that earnings will grow at 10% per year for the next 4 years and then at 1% thereafter. Belgravia's policy is to pay out 40% of its earnings in dividends. The discount rate for Belgravia is 12%. How much is the stock price of Belgravia?