Analysts forecast ABC Inc to pay dividends of $1.23, $1.33, $1.40, and $1.5 per share in year 1, year 2, year 3, and year 4 respectively. Assume a cost of equity capital of 12%, that the cost of debt is 8%, and a weighted average cost of capital of 10%.

Assume dividends in year 5 through infinity are expected to be $1.60. This is a non-growing perpetuity.

What is today's intrinsic value? (round to the nearest penny)