Company XYZ does not currently pay a dividend. However, their earnings have been growing at a very high rate. Thus, they are expected to begin paying a dividend, starting 7 years from today. Expectations are that the first dividend will be $ 2.0 per share. The dividend is then expected to grow at 20 % per year for 6 years, and at the end of that super-normal growth period, the stock will enter a slower growth perpetuity phase of 8 % per year. The required return on Agilent stock is 16 %. What should be their current stock price? (Please make sure to not do any intermediate rounding and keep at least 6 decimal points throughout solving this problem.