City Garden Suppliers paid a \$2 dividend yesterday. It is expected that the dividend will grow at 95 percent per year for 5 years, 825 percent per year for 11 years, and then at 6.5 percent pet year thereafter. If the investors expected rate of return is 11 percent, what is the stock worth today? Hint Use the present value formula for a growing annuity r9c1[1(1+r1+3)T]. (Do not round intermediate colculations. Round your answer to 2 decimal places.)