Part of Lifecycle Motorcycle Company$$s income statement is as follows:

Income Statement $2020$

Dividends $2,000,000$

Common shares outstanding $1,000,000$

Dividend per share $2$

Selected financial information: Required rate of return on equity $10\%.$

You anticipate that Lifecycle Motorcycle Company$$s dividends will grow at $6\%$ in $2021$ and $2022,$ and $4\%$ thereafter. Using the two$-$stage DDM$,$ calculate the current value $($at the end of $2020,$ or the beginning of $2021)$ of a share of Lifecycle Motorcycle Company$$s stock.