Clapton, Inc. yesterday paid a dividend of $1/share. One year from today, the expected dividend is $1.40/share. Two years hence, the expected dividend is $1.80/share. Three years and four years from today investors expect a per-share dividend of $2.20. Immediately after that last $2.20 dividend at time four, Clapton’s stock price is expected to be $20/share. The discount rate is 5%. What is today’s per share value of Clapton, Inc. stock?