Serious Spokes Custom Hot Rods is expected to pay a dividend in year 1 of $1.97, a dividend in year 2 of $3, and a dividend in year 3 of $3.95. After year 3. dividends are expected to grow at the rate of 5.27% per year. An appropriate required return for the stock is 10.9%. Using the multistage DDM, the stock should be worth today. State your answer as a dollar amount with two decimal places