Bayboro Sails is expected to pay dividends of $2.50, $53.00, and $4.00 in the next three years-that is D, = $2.50, D_2 = $3.00, and D_3 = $4.00, respectively. After three years, the dividend is expected to grow at a constant rare of 4 percent per year indefinitely. Stockholders require a return of 14 percent to invest in Bayboro s common stock. Compute the value of Bavboro's common stock today