Required: Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 24% for two years and then at 4% thereafter. If the required return for Deployment Specialists is 9.0%, what is the intrinsic value of its stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Intrinsic value

Required: Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow ot 24% for two years and then at 4% thereafter. If the required return for Deployment Specialists is 9.0%, what is the intrinsic value of its stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)