A fast$-$growing firm recently paid a dividend of $$0\mathrm{.}85$ per share. The dividend is expected to increase at a $15$ percent rate for the next three years. Afterwards, a more stable $10$ percent growth rate can be assumed.

If an $11$ 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.