Two Harbors $($TWO$)$ is a mortgage real estate investment trust that expects to pay an annual dividend of $$1\mathrm{.}4$ next year. After that, dividends are expected to grow at a $7\mathrm{.}9\%$ rate for the next three years $($years $2-4)$ and then grow at a constant rate of $2\mathrm{.}3\%$ thereafter $($starting in year

$5).$ The applicable discount rate is $11\mathrm{.}2\%.$

What is the per$-$share intrinsic value of TWO?

Enter your answer out to two decimals $($do not use a leading $ sign$).$