Grizzlies Inc. expects to pay $3.00 dividend on its common stock at the end of the year. The dividend is expected to grow 25% a year for the first two years, after which the dividend is expected to...

Grizzlies Inc. expects to pay $3.00 dividend on its common stock at the end of the year. The dividend is expected to grow 25% a year for the first two years, after which the dividend is expected to grow at a constant rate of 5% a year indefinitely. The stock’s beta is 1.2, the risk-free rate of interest is 6%, and the rate of return on the market portfolio is 11%. What is the company’s current stock price?