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2 points. Girard Inc stock will pay annual dividends of $2.46,$3.65, and $4.52 in each of the next three years, with the first dividend payment

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2 points. Girard Inc stock will pay annual dividends of $2.46,$3.65, and $4.52 in each of the next three years, with the first dividend payment occurring one year from today, and you also expect its price to be 531 immediately after the third annual dividend (i.e, exactly three years from today). If investors' required rate of return is 9.0%, what is the stock's intrinsic value. Round your answer to the nearest penny

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