Automatic Data Processing Inc. (ADP), an information technology firm, has experienced abnormal growth. The company anticipates that it will grow at an abnormal rate of 16% for the next three years. After that, the growth rate will drop to match the industry's constant growth rate of 8%. If investors require 17% return and the firm's dividend per share is expected to be $3 (DIV₁ = $3), what should be ADP's stock price?

Stock price = $__________