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94 points You expect XYZ Company stock to pay a dividend of $5.57 exactly one year from today and a dividend of $4.59 exactly two

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94 points You expect XYZ Company stock to pay a dividend of $5.57 exactly one year from today and a dividend of $4.59 exactly two years from today. After the second dividend, future dividends will grow at a constant rate of 5% per year indefinitely. What is the stock's intrinsic value if XYZ 's cost of equity capital is 14.7% ? Round your answer to the nearest penny. Type your

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