A company just paid a dividend of $1.27 and it currently has a very high growth rate of 12.1%. Analysts expect this high growth rate to remain at this pace for 3 years, In year 4, the growth rate is expected to decay down to the average economic growth rate which is currently assumed to be 2.46%. If the relevant required return is 10.1%, then what is the stock's intrinsic value using the multistage DDM method? State your answer as a dollar amount with two decimal places.