A company is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 20 percent a year for the next four (4) years and then decreasing the growth rate to a constant 5 percent per year. The company just paid its annual dividend in the amount of $1.00 per share. What is the current value of one (1) share of this stock if the required rate of return is 9.25 percent?