ABC Corporation has been experiencing rapid growth in recent years. As an analyst, you are attempting to value ABC shares utilizing the dividend discount model. You expect the firms first ever dividend of $3.50 per share to be paid 6 years from today (end of year 6). Your growth forecast in dividends for ABC includes growth of 25% in the following three years (years 7-9) before declining to a perpetual growth rate of 4% (starting in year 10). You have estimated the required rate of return for ABC to be 10%. What is the per-share intrinsic value of ABC using the multi-stage (two-stage) dividend discount model?