Exelon Corporation had earnings per share of $2.95 in 2015 and a dividend payout ratio of Corporation had earnings per share of $2.95 in 2015 and a dividend payout ratio of 35%. If dividends are expected to grow at 5% in 2016, beta is 0.75, Treasury Bill rate is 6% and market risk premium is 5.5%, how much should an investor pay for the stock?