Company A has just paid an annual dividend of $1.40. Analysts are predicting dividends to grow by $0.12 per year in the next 3 years and by $0.20 in years 4 and 5. After then, Company A earnings are...

Company A has just paid an annual dividend of $1.40. Analysts are predicting dividends to grow by $0.12 per year in the next 3 years and by $0.20 in years 4 and 5. After then, Company A earnings are expected to grow 5.4% per year, and its dividend payout rate will remain constant. If Company A's equity cost of capital is 9.8% per year, what price does the dividend-discount model predict Company A's stock should sell for today?