Medtronic Inc. (MDT) manufactures and sells device-based medical therapies worldwide. MDT is presently enjoying relatively high growth because of a surge in the demand for device-based medical therapies. MDT just paid a dividend of D0 = $1.50. Analysts expect the company's dividend to grow by 15% for 3 years, after which dividends are expected to grow at a constant average rate of 6%. The required return on MDT's stock is 9.00%. What is the best estimate of the stock’s current fair value?