At the end of the year $2022$ Great Lakes Corporation paid dividends $$4\mathrm{.}82$ per share. The company projects the following annual growth rates in dividends:

Year Growth Rate

$202312\%$

$202411\%$

From year $2025$ onward growth in dividends is expected to remain constant at $3\%$ per year. The required rate of return for this stock is $8\mathrm{.}58\%.$

Calculate the economic value of the stock now $($end of the Year $2022).$