A company is expected to pay a dividend in year 1 of $1.86, a dividend in year 2 of $2.92, and a dividend in year 3 of $3.98. After year 3, dividends are expected to grow at the rate of 5.4% per year. Your required return is 11.7%. Using the multistage DDM, the stock's intrinsic value is __________ today. State your answer as a dollar amount with two decimal places