Analysts project that the Corporation will end the year with an EPS of $1.00. The firm is expected to have two periods of high growth before it slides into a stable terminal growth rate as outlined in the table below. Initially, the firm retains a high percentage of earnings, as noted by the plowback ratio, but then declines in two steps to a steady state value. Using a multi stage growth model and a required rate of return of 13%, what is the value of a share of this companys stock?

\begin{tabular}{cccc} Phase & Duration in years & Growth Rate & Plowback Ratio \\ \hline 1 & 5 & 16% & 70% \\ 2 & 4 & 11% & 55% \\ 3 & Perpetual & 4% & 40% \end{tabular}