One year from today, investors anticipate that Bryant Corporation's common

stock will pay a dividend of $$4\mathrm{.}00$ per share. After that, investors believe that the

dividend will grow at $30\%$ per year for two years and $20\%$ per year for the

following three years before settling down to a long$-$run growth rate of $8\%.$ The

required rate of return on Bryant's stock is $18\%.$ What is the stock's value

based on the above information?