A company plans to pay a dividend of $1.40 next year, $1.60 the following year, and $1.80 three years from now. Thereafter, it is expected that the dividend will grow 5% per year indefinitely into the future. If the required rate of return is 14%, the fair price for this stock today would be $ ______. (Hint: This is a 2-stage dividend discount model, which is similar to the 2-stage free cash flow discount model.) Please round your answer to four decimal places.