Declining Products Corporation produces goods that are very mature in their product life cycles. Declining Products is expected to pay a dividend in year $1$ of $$1\mathrm{.}30,$ a dividend of $$1\mathrm{.}20$ in year $2,$ and a dividend of $$1\mathrm{.}15$ in year $3.$ After year $3,$ dividends are expected to decline at a rate of $2\%$ per year. An appropriate required rate of return for the stock is $8\%.$

What should the stock be worth? $($Round your answer to $4$ decimal places.$)$