26. An analyst would like to price a share of Cheesehead Corporation (CC) stock. Today, the CC paid a $2.60 per share dividend. The analyst believes that the dividend for CC will increase by 15% per each of the next 4 years. After the fourth year, the analyst assumes that the CC dividend will grow by 3% annually. Based on the risk of CC, the analyst assigns a 15% required return to invest in CC stock. What is the intrinsic value of CC based on these assumptions?