Mature Conglomerate Corporation (MCC) just paid a dividend of $1.65 per share, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.15, the required return on the market is 12.50%, and the risk-free rate is 4.00%. What is the intrinsic value for MCCs stock? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.