Potts Industries is a mature company experiencing a constant…

Potts Industries is a mature company experiencing a constant growth rate of 6%.  The firm has just paid a dividend of $1.50 (that is, D0 = $1.50).  Investors require a 9% rate of return on its stock.  What is the firm’s stock price today?  NOTE: Since the $1.50 dividend has already been paid, its value should not be reflected in the firm’s stock price.