At the end of the year $2022$ Great Lakes corporation paid dividends $$4\mathrm{.}01$ per share The company project the following annual growth rate in dividends:

Year growth rate

$202313\%$

$20249\%$

From year $2025$ onward growth in divdends is expected to remain constant at $2\%$ per year. the required rate of return for this stock is $12\mathrm{.}60\%.$

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