Simpkins Corporation does not pay any dividerids because it is expanding rapidly and needs to retain all of its camins. However, mvestors expect Sumpkins to begin paying dividends, with the first dividend of 51.50 coming years from today. The dividend should grow rapidly at a rate of 65% per year during years and S. Aher Years, the company should grow at constant rate of 4 Der year. If the required return on the stock is 14%, what is the value of the stock foday (assume the multis in brim with the required refumul to the expected returro De not round intermediate calculations. Round your answer to the nearestent