West Tool Company is expected to pay a dividend of $$1\mathrm{.}0$ in Year $1$ and $$1\mathrm{.}3$ in Year $2.$ Analysts expect the price of West Tool Company shares to be $$18$ two years from now. What is the intrinsic value of West Tool Company stock if the market capitalization rate of the company is $12\%?$ Round your answer to two decimal places and enter without the dollar sign.