Microtech is expanding rapidly. Because it needs to retain all of its earnings, it does not currently pay any dividends. Investors expect Microtech to pay the first dividend 2 years from today. They expect the dividend to be $1.00 per share. At first dividend is expected to grow rapidly at a rate of 40% per year, during years 3 through 5. After year 5, the dividend should grow at a constant rate of 8% per year. If the required rate of return on the stock is 15%, what is the value of the stock today?