Peterson Packaging Inc. does not currently pay dividends. The company will start with a $0.50 dividend at the end of year three and grow it by 10% for each of the next six years. After six years of growth, it will fix its dividend at $0.98 forever. If you want a 12% return on this stock, what should you pay today given this future dividend stream? If you want a 12% return on this stock, what should you pay today given this future dividend stream? (Round to the nearest cent.)