Jack is considering a stock purchase. The stock pays a constant annual dividend of $$1\mathrm{.}78$ per share and is currently trading at $$11\mathrm{.}85.$ Jack's required rate of return for this stock is $13\mathrm{.}6\%.$ Should he buy this stock?

The intrinsic value of the stock that Jack is considering is $

$($Round to the nearest cent.$)$