Please show all calculations and formulas used to solve. Also, do not use financial calculator. The most recent annual dividend payment of ABC Industries, a rapidly growing window manufacturer, was $1.50 per share. The firms financial manager expects that these dividends will increase at a 8% over the next two years. At the end of two years, the firms mature product line is expected to result in a slowing of the dividend growth rate to 5% per year for the foreseeable future. The firms required return is 15%. What should be the price of the stock?