The Seneca Maintenance Company currently $($that is$,$ as of year $0)$ pays a common stock dividend of $$1\mathrm{.}00$ per share. Dividends are expected to grow at a rate of $11$ percent per year for the next $4$ years and then to continue growing thereafter at a rate of $4$ percent per year. What is the current value of a share of Seneca common stock to an investor who requires a $14$ percent rate of return? Use Table II to answer the question. Round your answer to the nearest cent.

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