You are considering whether you should buy a share of global's common stock. The firm just paid out a quarterly dividend of $1.20. You don't own a share yet, so you didn't get this dividend. You expect Global's dividend to increase by 1.5% each quarter for the next 7 years. After that you expect global's dividend to increase by 1% every quarter for forever. Your discount rate is 16% APR. What is the price of the stock?