B Ltd is expanding rapidly, and it currently needs to retain all of its earnings hence it does not pay any dividends. However, investors expect B Ltd to begin paying dividends, with the first dividend of $0.75 coming 2 years from today. The Dividend should grow rapidly, at a rate of 40 percent per year, during Year 3 and 4. After Year 4, the company should grow at a constant rate of 10 percent per year. If the required return on the stock is 16 percent, what is the value of the stock today?