ABC, Inc. just paid its stockholders an annual dividend of $3.31 a share (D0). A major brokerage firm recently put out a report on ABC, Inc. predicting that the company's annual dividends would grow at the rate of 25.91% per year for the next 2 years and then level off and grow at 4% thereafter. Assume the required rate of return for ABC, Inc. is 13.01%.

What is the intrinsic value of the stock today?

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