Corporation A produces a good that is very mature in their product life cycles. Corporation A is expected to pay a dividend in year 1 of $1.75, a dividend in year 2 of $1.50, and a dividend in year 3 of $1.00. After year 3, dividends are expected to decline at the constant rate of 2.5% per year. An appropriate required return for the stock is 7%. Using the multistage dividend model, what is the intrinsic value of the stock? Please show work. Thank you