Assume that ACM Gadget Ltd's most recent dividend was R6.50 per share. Dividends are expected to increase by 15% annually for the next two years. At the end of the two years, it is expected that the growth rate will drop to a 13% annual growth rate and will remain at this level for two years. At the end of year four, it is expected that the growth rate will remain constant at 10%, ad infinitum. The firm's cost of capital is 13%. Based on the information provided, what is the intrinsic value of the share