ABC, Inc. just paid an annual dividend (D0) of $2 per share on earnings of $3. You expect the firms dividends to grow at 15% over the next two years based on its expansion plans. After that you expect dividends to grow at the industry average of 8% per year. The riskfree rate is 3%, the market risk premium is 5%, and its beta is 1.1, so the discount rate is 8.5%. What is the present value of the first 2 dividends? (use 2 decimal places without $, so $10.00 is 10.00) with all the steps and formula