Nachman Industries just paid a dividend of $1.70. Stock market analysts expect the company's dividend to grow by 19% this year, by 14% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. Based on the most recent data, Nachman Industries beta is 1.13, the required return on the stock market is 12.50%, and the risk-free rate is 3.50%. What is the best estimate of the stocks current market value?