MKT Company is expecting a period of intense growth and has decided to retain more of its earnings to help finance that growth. As a result, it is going to reduce its annual dividend by 20% per year for the next two years. After that, it will maintain a constant dividend of $1.50 per share. Last year, the company paid $2.60 as the annual dividend per share. Evaluate the market value of the MKT stock if the required rate of return is 14.5%