Rand Inc. has a beta of $1\mathrm{.}5.$ The company has just paid a quarterly dividend of $$0\mathrm{.}32.$ Rand's dividends will grow by $4\%$ for the next $4$ quarters, and then grow by $1\mathrm{.}5\%$ thereafter.

The risk$-$free rate is $3\%$ and the expected market return is $7\%($both EARs$).$

The quarterly required return is $0\mathrm{.}0218$

What is the intrinsic value of the stock now?