Masons Bike Repair is expected to pay a dividend in year 1 of $1.00, a dividend in year 2 of $1.75, and a dividend in year 3 of $2.50. After year 3, dividends are expected to grow at the rate of 5% per year. An appropriate required return for the stock is 15%. Using the multistage DDM, the stock should be worth _____ today.