Coke's most recent dividend was $1. Dividends are expected to grow by 15% for the next two years which would lead to dividends of $1.15 at time 1 and $1.32 at time 2. After that, dividends are expected to grow at a constant 5%. Correspondingly, the dividend at time 3 is expected to be $1.39, Given a required rate of return of 7%, use a multi-stage dividend discount model to find the intrinsic value of Coke. Give your answer to the nearest cent (i.e. two decimal places).