Watermelon Co$.$ is a young start$-$up company. No dividends will be paid on the stock over the next $4$ years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $$23$ per share $5$ years from today and will increase the dividend by $5\%$ per year thereafter. If required return on this stock is $12\%,$ what is the current share value?