Assume SKMY stock just paid $$1\mathrm{.}21$ in dividends. You have reason to believe that SMKY stock will have a large influx of cash

over the next two years and will increase its dividends by $12\%$ over the same time frame. At the start of the third year, SMKY

will slow its dividend growth to $8\%$ per year to reflect its slower growth. What is the intrinsic value of SMKY if investors

require a rate of return of $10\%?$ Write your answer in dollars, rounded to two decimals.