Sparkle Jewelers expects to pay dividends (per share) of $0.60, $0.90, $2.40, and $3.50 during the next four years. Beginning in the fifth year, the dividend is expected to grow at a rate of 4 percent indefinitely. If investors require a 20 percent return to purchase Sparkles stock, what is the current value of the companys stock? *SET DECIMAL PLACE TO 4 DIGITS AND SHOW ALL WORK*