A fast growing firm just paid a dividend of $0.50 per share. The dividend is expected to increase at a constant rate for the next three years. Inading to a dividend payment of $0.735 at the end of years. This dividend growth rate will then fall to 4 percent perpetually, You assume a 12 percent discount rate is appropriate for this stock What is its value now at time 07 (Give your answer to 4 decimal places, no dollar sign required)