A corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect it to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today (this will be in year 3). The dividend should grow rapidly at a rate of 37% per year during years 4 and 5. After year 5, growth should be constant at 6% per year. If the required return is 13%, what is the value of the stock today? Do not round intermediate calculations; round final answer to 2 decimals and include dollar sign. (Hint: you will need to calculate dividend payments through year 6).