Penny's Cheesecake Corp, just paid a dividend of $1.00 per share. The dividend is expected to grow at a rate of 20% per year for the next three years and then to level off to 5% per year forever. What is the intrinsic value of a share of Penny Cheesecake stock if the appropriate market capitalization rate is 15% per year? (Use Intermediate calculations rounded to 4 decimal places. Round your answer to 2 decimal places.) tre value per share