Todd Mountain Development Corporation is expected to pay a dividend of $$4$ in the upcoming year. Dividends are expected to grow at the rate of $11\%$ per year. The risk$-$free rate of return is $9\%,$ and the expected return on the market portfolio is $17\%.$ The stock of Todd Mountain Development Corporation has a beta of $0\mathrm{.}65.$ Using the constant$-$growth DDM$,$ the intrinsic value of the stock is $\_\_\_\_\_\_\_\_\_\_.$