Please show your work.

Could I Industries just paid a dividend of exist1.62 per share. The dividends are expected to grow at a 20 percent rate for the next 4 years and then level off to a 4 percent growth rate indefinitely. If the required return is 12 percent, what is the value of the stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "exist" sign in your response.) Price exist