Mapipi and Associates is experiencing a period of abnormal growth. The last dividend paid by Mapipi was K5.95. Next year, they anticipate growth in dividends and earnings of 27% followed by negative 9% growth in the second year. The company will level off to a normal growth rate of 12% in year three and is expected to maintain a 12% growth rate for the foreseeable future. Investors require a 16% rate of return on Mapipi. Calculate the approximate amount that an investor would be willing to pay today for the two years of abnormal dividends