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Leaky Boat Providers (LBP) will pay a dividend of a dollar next year. LBP will grow...

Leaky Boat Providers (LBP) will pay a dividend of a dollar next year. LBP will grow at a rate of 6% between years 1-2, 10% between years 2-3 and 20% between years 3-4 before settling in at a stable rate of growth of 3% beyond year 4. Given that LBPs beta is 1.1 and the historical market return and risk-free rate are 10% and 2% respectively, what is LBP stock worth today?

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