Your have been following NetOne, a new, high-growth company. You estimate that the current risk-free rate is 3.0 percent, the market risk premium is 4 percent, and that the company's beta is 1.80. The current earnings per share (EPSO) are $2.00. The company paid its current dividend yesterday, and has a 50 percent payout ratio. You also estimate that the company's dividend will grow at a rate of 30 percent this year, 20 percent next year, and 15 percent the following year. After three years the dividend is expected to grow at a constant rate of 3 percent a year. The company is expected to maintain its current payout ratio. You believe that the stock is fairly priced. Determine the current price of the stock.