Assume XYZ Corp.'s dividend payment will be $2.34 one year from now, $3.21 two years from now, and $3.55 three years from now. Further assume that after these three years, the dividend will grow by 5.6% each year. If the required rate of return for the industry XYZ Corp. belongs to is 10.7%, what is the market value of XYZ Corp.'s stock under the Dividend Discount Model?