A financial analyst has been following "ABC" Corporation, a new unusual growth company

A financial analyst has been following "ABC" Corporation, a new unusual growth company. According to his observations, he had the following information: • He expects that the current risk-free rate is 6.25%, • the market risk premium is 5%, and that the • "ABC" Corporation beta is 1.75. • The current earnings per share (EPS) is $2.50. • The analyst estimates that the company's dividends will grow at a rate of 25% this year, 20% next year, and 15% the following year. After three years the dividend is expected to grow at a constant rate of 7% a year, • The company is expected to maintain its current payout policy, which mandated that divides should be equal to 40% of the value of the EPS Based on the above-given information, what is the current price of the stock?