Burford Specialties just paid a dividend of $$1\mathrm{.}00,$ and they also just released a new product that is expected to increase revenue by $20\%$ in the first year and $12\%$ in the second year ter which revenue is expected to grow at a constant $8\%$ from the third year on$.$ Burford's required return onm equity is $11\%.$ Given these data, what is the intrinsic vallue of Burford's stock after relasing the new product? Report your answer to the penny.