ABC Company has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it plans to pay a $0.50 dividend 3 years from today, then to increase it at a relatively rapid rate for 2 years, and then to increase it at a constant rate of 6% thereafter, as shown below. The company requires 14% for stockholders' annual returns. What is your estimate of the stock's current value? Round your answer to two decimal places of dollar, but do not enter $ in your answer, e.g., xx.xx. (Hint: Make sure to measure and include the PV of Ps using the CDG model.) 0 1 2. 3 Year 4. 5 6 Growth N/A N/A N/A N/A 50% 25% 6% rate $0.50 ? 2 ? Dividends $0.00 $0.00 $0.00