Two stages

Iguana Incorporated paid a dividend of $$1\mathrm{.}55$ this year. The dividend is then expected to grow by

$18\%$ a year for $3$ years; it will be $4\%$ per year after that. The required rate of return is $14\mathrm{.}8\%.$

The value of a share of Iguana Incorporated's stock is closest to:

$

Round your answer to the nearest cent