A fast$-$growing firm recently paid a dividend of $$0\mathrm{.}70$ per share.

The dividend is expected to increase at a $25$ percent rate for the

next four years. Afterwards, a more stable $13$ percent growth rate

can be assumed.$$If a $14\mathrm{.}5$ percent discount rate is appropriate for this stock,

what is its value?$($Do not round intermediate

calculations and round your final answer to $2$ decimal

places.$)$