A share of stock is expected to pay a dividend of $1 in one year, and $1.50 in two years. After that, its dividends are expected to grow at a rate of...

A share of stock is expected to pay a dividend of $1 in one year, and $1.50 in two years. After that, its dividends are expected to grow at a rate of 5% per year forever. If the required rate of return on the stock is 8%, What is the current price per share?