Hall & Marks just paid a $1.40 per share dividend yesterday.(that is, D 0 = $1.40). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, r s , is...

Hall & Marks just paid a $1.40 per share dividend yesterday.(that is, D₀ = $1.40). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, r_s, is 12%.

What is the stock's current value per share?