Google has just declared a dividend of $2.12 on its common stock. Dividends are paid annually. Dividends are expected to grow at the rapid pace of 10% for the next 4 years, after which growth is expected to slow to 3% per annum forever. During the rapid growth phase, the required return on this investment will be 20%, and it is expected to drop to 12% when growth slows. What is the current market value of this stock?