Lugano Pharmaceuticals Corp (LPC) has a beta coefficient of 2.0. LPC just paid its annual dividend of exist 1.60 per share to its common shareholders. Analysts expect these dividends to grow at an annual rate of 20% for the next three years. Beginning with year 4, analysts expect dividends to grow at a constant rate of 8% per year indefinitely. Assume the risk-free rate is 3% and the market risk premium is 7%. Compute the intrinsic value of LPC common stock. Please use four decimal places when estimating future dividends