Suppose that a firm always announces a yearly dividend at the end of the first quarter of the year, but then pays the dividend out as four equal quarterly payments. If the next such $$annual$$ dividend has been announced as $$4\mathrm{.}00,$ it is exactly one quarter until the first quarterly dividend from that $$4\mathrm{.}00,$ the effective annual required rate of return on the company$$s stock is $16$ percent, and all future $$annual$$ dividends are expected to grow at $7$ percent per year indefinitely, how much will this stock be worth?

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.