Problem 8-33 Variable Growth (LG8-6) A fast-growing firm recently paid a dividend of S0.25 per share. The dividend is expected to increase at a 30 percent rate for three years. Afterwards, a more stable 15 percent growth rate can be assumed If a 16 percent discount rate is appropriate for this stock, what is its value today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock value