The club auto parts company has just recently been organized. it is expected to experience no growth for the next 2 years as it identifies its market and acquires its inventory. however, club will grow at an annual rate of 5% in the third year and, beginning with the fourth year, should attain a 10% growth rate that it will sustain thereafter. the first dividend (d1) to be paid at the end of the first year is expected to be $0.50 per share. investors require a 15% rate of return on club's stock. what will club's stock price be at the end of the first year