Jitterbug Co$.$ just paid a dividend of $$2($per share$).$ It is estimated that the company$$s

dividend will grow at a rate of $20\%$ per year for the next $2$ years, then the dividend will

grow at a constant rate of $8\%$ thereafter. The company$$s stock has a beta equal to $1\mathrm{.}2,$ the

risk$-$free rate is $6\%,$ and the market risk premium is $5\%.$ Calculate the intrinsic value of

the stock.