A fast$-$growing firm recently paid a dividend of $$0\mathrm{.}15$ per share. The dividend is expected to increase at a $10$ percent rate for the next

three years. Afterwards, a more stable $5$ percent growth rate can be assumed.

If a $6$ percent discount rate is appropriate for this stock, what is its value today?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.