Chartreuse County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 18% per year for the next 11 years before...

Chartreuse County Choppers, Inc. is experiencing rapid growth. The company expects dividends to grow at 18% per year for the next 11 years before leveling off at 5% into perpetuity. The required return on the company's stock is 12%. If the dividend per share just paid was $1.94, what is the stock price? (Please show steps to solution).