A company expects its dividends to grow at a rapid growth rate of 20% for the next two years and then a growth rate of 15% for the following two years. After that, the company expects a constant-growth rate of 5%. If the firm just paid a dividend of $1.00 and your required rate of return on such stocks is 12%, what would you be willing to pay for this stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Numeric Response