ABC Corp. has the following expected dividends: $2.5 in one year and $3 in two year. After that, its dividends are expected to grow at 3.06% per year forever (so that year 3s dividend will be 3.06% more than $3 and so on). Assume ABC Corp.s required rate of return is 10.31%.

What is the intrinsic value of ABC Corp.s stock?

Please round your answer to the second decimal without dollar sign. For example, 1.12.