The CEO of ICG Inc. announced that the company will pay an annual dividend of $1.00 per year, one year from today. It is estimated that during the following six years, the dividend will grow at an annual rate of 7%. After that, the growth rate will be equal to 4% per year and continue at that rate indefinitely. Calculate the intrinsic value of the ICG's stock if the required rate of return is 6.7%. Would you invest in this stock? Why?