Hooli Inc. is a software company focussing on minimal message oriented transport layers. Hooli is expected to turn cash flow positive next year and begin paying dividends three years from today. At that time, analysts expect earnings per share of $3.00 and a payout rate of 25%. Analysts expect dividends to grow at a constant rate of 2% in perpetuity. Shareholders require a return of 9%. What is the fair price for Hooli, today?