Chastain’s Gardening Supplies, Inc. is a young start-up company. It plans to pay no dividends over the next five years because it needs to reinvest all earnings in the firm to finance growth. The firm then plans to begin dividends of $3 per share, which are anticipated to grow at 10 per cent per year for three years, and six per cent per year in perpetuity beyond that. If the required return on Chastain’s stock is 15 per cent, what should be today's stock price?