Required:

Deployment Specialists pays a current $($annual$)$ dividend of $$1$ and is expected to grow at $18\%$ for two years and then at $5\%$ thereafter. If the required return for Deployment Specialists is $8\mathrm{.}0\%,$ what is the intrinsic value of its stock? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Intrinsic value