Two stages

Iguana Incorporated paid a dividend of $$1\mathrm{.}90$ this year. The dividend is then expected to grow by $14\%$ a year for $3$

years; it will be $3\%$ per year after that. The required rate of return is $8\mathrm{.}6\%.$ The value of a share of Iguana

Incorporated's stock is closest to:

$

Round your answer to the nearest cent