ABC Technologies has been growing quite rapidly in recent years and has a growth potential of 27% from today till the end of year 3. Analysts estimate that the growth rate will decrease to 24% in year 4 and 5 after which it will stabilize at 10% thereafter. If the ROE is expected to remain constant at 30% annually, and the current Earning Per Share is $1.4, calculate the value of this stock. (Assume that shareholders require a 12% rate of return, Round off calculations to 2 decimal spaces)