16. "Firm I is expected to pay a dividend in year 1 of $1, a dividend in year 2 of $2, and a dividend in year 3 of $3. After year 3, dividends are expected to grow at the rate of 6% per year. An appropriate required return for the stock is 10%. Using the multistage DDM, the stock should be worth __________ today. round to 3 decimals