Portman industries just paid a dividend of $3.12 per share. The company expects the coming year to be very profitable, and its dividends are expected to grow by 16.00% over the next year. After the next year, though, portmans dividend is expected to grow at a constant rate of 3.20% per year. If the required rate of return is 10.24% what is the intrinsic value for portmans stock price?