Everest Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 29% for the next 2 years, 18.60% in year 3 and 4 and after which competition will probably reduce the growth rate in earnings and dividends to constant growth rate of 5.75%. The company’s last dividend was $1.00, its beta is 1.85, the market risk premium is 10.15%, and the risk-free rate is 5.00%. What is the current price of the common stock?