Portman Industries just paid a dividend of $$2\mathrm{.}16$ per share. The company expects the coming year to be very profitable, and its dividend is expected to grow by $16\mathrm{.}00\%$ over the next year. After the next year, though, Portman's dividend is expected to grow at a constant rate of $3\mathrm{.}20\%$ per year. The required rate of return is $13\mathrm{.}6\%.$ Assuming that the market is in equilibrium, use the information given to answer the following question. What is the intrinsic value of Portman's stock? Please provide timeline and formula if possible.