Could I Industries just paid a dividend of $1.40 per share. The dividends are expected to grow at a 18 percent rate for the next 5 years and then level off to a 4 percent growth rate indefinitely. If the required return is 14 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

20.50 is wrong- which i just worked out.

Please don't answer if you are not confident in your calculations!