The economy has been in a recession, but seems to be recovering. Ebeling Inc.'s
stock just paid a dividend of $1.8. The company's dividend is expected to grow at a rate of -0.03 this year, 0.03, next year, and 0.06 for every year after that. If Ebeling has a required rate of return of 0.16, what is the current value of Ebeling's the stock?