AAPL has just paid an annual dividend of $2 per share. Analy…

AAPL has just paid an annual dividend of $2 per share. Analysts are predicting an 5% growth rate per year for the next 2 years. After two years, AAPL is expected to grow by 2% per year forever. AAPL ‘s cost of equity is 10% per year. What is the price per share of AAPL according to the dividend discount model (multi-stage growth)?