Carshon Company's current dividend is $$3$ per share. If you purchase the stock now, you will receive the dividend later today. Carshon plans to increase this annual dividend by $12$ percent then reduce the dividend growth rate by $3$ percentage points per year $(9\%,6\%,3\%)$ until it reaches the industry average of $3$ percent dividend growth. Carshon will maintain this $3\%$ growth rate forever. The required return on the Carshon Company's stock is $18$ percent.Required: At what price would you expect Carshon Company's common stock to sell for now? $(10$ points$)$