You need to determine the value of a stock for a client using the Dividend Growth Model. This is a publicly traded, seasoned company with a long history of paying dividends. Your client requires a minimum return of $18\%.$ The most recent annual dividend is $$2\mathrm{.}30.$ The dividend history is:

Year $1$ $$1\mathrm{.}35$

Year $2$ $$1\mathrm{.}55$

Year $3$ $$1\mathrm{.}75$

Year $4$ $$2\mathrm{.}00$

Year $5$ $$2\mathrm{.}30$