Assume a major investment service has just given Oasis Electronics its highest investment rating, along with a strong buy recommendation. As a result you decide to take a look yourself and to place a value on the company's stock. Here's what you find: This year, Oasis paid stockholders an annual dividend of $3 a share, but because of its high rate of growth in earnings, it dividend is expected to grow at the rate of 12 percent a year for the next four years and then to level out at 9 percent a year. So far, you have also learned that the stock has a beta of 1.80, the risk free rate of return is 6 percent, and the expected rate of return on the market is 11 percent. Using the CAPM to find the required rate of return, put a value on this stock.