A company just paid a dividend of $1.27 and it currently has a very high growth rate of 11.3%. Analysts expect this high growth rate to remain at this pace for 3 years and then in year 4 it will decay to the average economic growth rate which is currently assumed to be 2.46%. If the relevant required return is 10.7%, then what is the stock's intrinsic value using the multistage DDM method? State your answer as a dollar amount with two decimal places