Mr. Barlare recently took his company public through an initial public offering. He is expanding the business quickly to take advantage of an otherwise unexploited market. Growth for his company is expected to be 40 percent for the first three years and then he expects it to slow down to a constant 15 percent. The most recent dividend (D0) was $0.75 and the required rate of return on the company's stock is 17 percent. What is the current price of Barlare's stock?
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